Payment & Expense
American Express Corporate Cards by year-end plans to deliver only online statements in lieu of paper for corporate cardholders in the United States as part of its own reengineering
to save paper, processing and postage costs. Amex in October detailed plans to cut $1.8 billion in costs in 2009. Online statements will be the norm for all corporate accounts of about 25 or more cards held by businesses with more than $5 million in revenues.