American Express and Goldman Sachs announced a collaboration on Wednesday to offer AmEx’s virtual cards through Goldman’s corporate banking platform, Goldman Sachs Transaction Banking (TxB).
The new digital offering aims to make business-to-business (B2B) payments easier and more streamlined for large corporate clients, by providing multiple payment options on one platform.
“A major pain point for our large commercial card clients is managing multiple platforms and myriad time-consuming, costly and complex processes to make, track, and reconcile thousands of payment transactions every day,” said Executive Vice President of Global Commercial Services at American Express Dean Henry.
