Card Tokenization Service for American Express® Corporate Purchasing Card Customers Sample Clauses

Card Tokenization Service for American Express® Corporate Purchasing Card Customers. 5.3.1. Company may make virtual card payments by sending Token Numbers to its Suppliers in the United States through the Service. All Token Numbers processed through the Service shall be settled against your American Express® Corporate Purchasing Card account in accordance with your Agreement. Company hereby agrees that (a) all virtual card payments shall be subject to, and Company hereby agrees to be bound by, the terms and conditions of, the Agreement (b) the Agreement shall be incorporated herein by reference. 5.3.2. Company requests the activation of card tokenization service for its American Express® Corporate Purchasing Card Account for use with the Service in the United States. For each virtual card payment initiated through the Service and authorized pursuant to this Addendum and through the Portal designated by Company, American Express will generate a Token Number that corresponds to your American Express® Corporate Purchasing Card account number and will deliver the Token Number by transmission (“Token Delivery”) to the designated address provided by you through the Portal. The Token Number (i) may be a single-use or multi-use number and (ii) may remain valid for a certain amount of time following the date of the Token Delivery at the discretion of American Express, during which time the designated addressee may submit and settle the card payment. The Token Delivery may include, among other things, the following reconciliation payment transaction details: (1) date payment issued, (2) pre-authorized payment amount, (3) payment number, (4) invoice-level detail, (5) payment description, (6) payment type: American Express Card, (7) Token Number.
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Related to Card Tokenization Service for American Express® Corporate Purchasing Card Customers

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