American Express Introduces EMV Technology for U.S. Premium Corporate
A Global Leader in Corporate Card Issuance Now Offers the Chip and Signature
Feature for U.S. Cardmembers to Streamline International Usage
NEW YORK -- April 23, 2013
American Express Company (NYSE: AXP), a global leader in corporate card
issuance, today announced that the Company will begin issuing Corporate Cards
with chip & signature technology to U.S. Corporate Cardmembers, beginning with
the premium Card portfolios in the first half of 2013. U.S. Corporate
Cardmembers will now be able to experience a seamless international payments
process as EMV technology becomes the standard for authorizing transactions
around the world. Cardmembers with chip & signature Cards will be able to use
their Cards wherever American Express® Cards are accepted, in the United
States and internationally.
“As we continue to enhance our global footprint, our priority is to ensure our
Cardmembers have superior security features and the full complement of
American Express benefits when using our products internationally. Our EMV
technology adds another layer of protection so that our Cardmembers know they
are further safeguarded from fraud and can leverage the flexibility that chip
& signature provides across the globe,” said Darryl Brown, President, Global
Corporate Payments Americas, American Express.
The new chip & signature Cards offer an extra level of transaction security by
employing dynamic encryption technology, which makes it more difficult for
unauthorized users to copy or access Card information. American Express
currently offers chip & PIN and chip & signature Card capabilities throughout
their global markets. American Express allows merchants and Card-issuing
partners to adopt the EMV solution that best meets their individual market
“In some countries, chip technology is becoming standard for card
authorizations. By providing a chip-enabled solution, the new chip & signature
Cards will help U.S. Corporate Cardmembers avoid disruptions while traveling
internationally,” added Brown.
About American Express Corporate Payment Solutions
American Express Corporate Payment Solutions provides the Corporate Card,
Corporate Purchasing Solutions, and other expense management services to
mid-size companies and large corporations worldwide. In the U.S., American
Express is a leading issuer of commercial cards, serving more than 70% of the
Fortune 500, as well as tens of thousands of mid-size companies. For more
information, visit www.americanexpress.com/corporate.
Christine Elliott, 212-640-0622
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