This partnership introduces the capability for US Business and Corporate Card Members to generate on-demand virtual Cards through the Fyle platform, enhancing the user experience with added controls and security features. Fyle's participation in the American Express Sync Commercial Partner Program makes this innovative integration possible.

Yashwanth Madhusudan, Co-Founder & CEO of Fyle, expressed enthusiasm about the collaboration: “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,” he stated. “The integration helps us provide an elevated user experience and more value to our customers.”

For customers holding an American Express Business or Corporate Card, this integration permits the issuance of unlimited virtual Cards linked to their primary accounts through Fyle. The advantages of this feature include:

• The ability to set tailored controls for each virtual Card, such as spending caps and validity periods
• The convenience of paying suppliers with virtual Cards, leveraging the American Express billing cycle to optimise business cash flow
• Access to immediate transaction information and alerts via text messages, enhancing transaction visibility
• Simplified receipt management and quicker reconciliation processes facilitated by Fyle’s expense management capabilities
• Improved security measures that allow for secure payments by employees, freelancers, and subcontractors without the need to disclose physical Card details

Joe Woodard, CEO of Woodard, a business advisory firm, praised the uniqueness of this integration: “Fyle’s integration with American Express cards is different from anything else I have seen in the space. I’m excited to deploy it here at Woodard to increase both security and spending controls.”

This strategic alliance between Fyle and American Express represents a significant advancement in expense management solutions, offering businesses unparalleled control and security over their transactions.