Expense management innovator Fyle integrated with American Express this week.
The integration will enable U.S. Business and Corporate Card members to issue on-demand virtual cards linked to their physical cards.
Fyle made its Finovate debut at FinovateFall last year.
Expense management platform Fyle has announced an integration with American Express. The partnership will enable U.S. Business and Corporate Card members to issue on-demand virtual cards from the Fyle platform. The virtual cards feature built-in controls, as well as enhanced security. The integration was made possible by Fyle’s participation in the American Express Sync Commercial Partner Program.
The ability to issue unlimited virtual cards linked to existing physical cards provides a number of benefits. Among them are:
Card-specific controls including spending limits and expiration dates
Real-time transaction data and notifications via text message
Automated receipt collection to accelerate reconciliation via Fyle’s expense management platform
The integration will also provide payment flexibility. Companies can leverage virtual cards to pay suppliers and take advantage of their American Express billing cycle to manage cash flow until their card payment is due.
“We are teaming up with American Express to give our customers access to the control, enhanced security, and cash flow management that come with using an American Express virtual card, alongside the ability to automate receipt tracking, credit card reconciliation, and expense accounting with Fyle,” company founder and CEO Yashwanth Madhusudhan said. “The integration helps us provide an elevated user experience and more value to our customers.”
Founded in 2016, Fyle made its Finovate debut at FinovateFall 2023. At the conference, Madhusudan showed how Fyle’s technology brings a modern, “fintech-like” experience to bank-issued card programs.
Photo by Paul IJsendoorn