American Express recently announced the launch of PAYVE, a new payment service that enables large and mid-size companies to centralize the processing of multiple payment methods through a single electronic platform.
“Clients are increasingly asking us to help solve more of their payments challenges. They want to focus less on operations and more on extracting financial value from their payments. With PAYVE, we can help them do that,” said Andrew Jamison, Vice President, Global Corporate Payments, American Express. “Supported by American Express’s world-class customer service, proven payments expertise, and in-house supplier enablement team, PAYVE will help companies streamline payments processes and better manage cash flow.”
Payment methods include check, ACH, international wire and American Express’s web-based payment solution, Buyer Initiated Payments (BIP).