Card Fundamentals
This type of card allows businesses to generate unique card numbers for specific purchases instead of using a physical card
What is a virtual card?
This feature allows companies to restrict spending by amount, merchant, or time
What are spend controls?
How does the VC solution help a company that needs to reduce unauthorized purchases and enforce policy?
What is better spend control?
This platform allows clients to manage cards and view spending activity in one place
What is American Express @ Work?
What are the type of call lines that are used to monitor for quality and training purposes?
What are recorded lines?
This type of liability means the company is responsible for all charges made on the account
What is corporate liability?
This benefit helps reduce the need for employee reimbursements
What is direct company-paid purchasing via virtual cards?
How does the VC help business with many employees making purchases across different locations?
What is improved visibility and centralized control?
These tools help businesses categorize and reconcile expenses efficiently
What are accounting integrations/tools?
This term means spending is flexible and not pre-set but based on usage and profile
What is No Preset Spending Limit (NPSL)?
This type of liability shares responsibility between the company and the employee
What is combined liability?
This feature improves visibility by allowing companies to track transactions as they happen
What is real-time reporting/visibility?
This type of company would benefit from issuing cards for specific vendor or campaign spend
What is a company with frequent vendor or project-based spending?
This type of reporting allows businesses to review transactions as they occur
What is real-time reporting?
This refers to extending credit to a business for card spending
What is a Business Line of Credit?
Virtual Card solution is designed for this size/type of business
What are mid-size to large businesses with employee spending needs?
What are the key benefits of the Virtual Card solution?
What are enhanced spend control, virtual card issuance, customizable limits, improved visibility, fraud protection, and streamlined reconciliation?
A customer saying this indicates the solution is a good fit: “We need more control over what our employees spend…”
What is a need for better budget control and policy enforcement?
These summaries help businesses review total spending at the end of the year
What are year-end summaries?
These disclosures must be communicated to clients when discussing the VC solution
What are recorded lines, NPSL, and Business Lines of Credit disclosures?
How many number of cards that can be issued for Virtual Cards?
What is unlimited virtual cards?
What is the benefit that allows companies to assign cards to specific vendors or projects?
What is targeted or purpose-based card usage?
This type of business is a good fit because they need to control spend across employees and vendors
What is a mid-sized company (e.g., marketing agency) that benefits from virtual cards for campaign/vendor spend due to control, visibility, and reduced misuse?
These are the reporting options available with VC solution.
What are American Express @ Work, year-end summaries, and accounting tools/integrations?
These are the reward options available depending on the program setup.
What are Membership Rewards, cash back, or program-specific rewards?