Paymode is a B2B payment network that enables electronic sending and receiving of payments.

How does BIP Connect impact American Express?

It is expected to enhance business customer loyalty and increase payment service usage, potentially supporting revenue growth.

American Express Expands B2B Payments Tools with BIP Connect

Q: Has American Express announced pricing for BIP Connect?

American Express has not disclosed pricing details yet.

American Express announced an update to its B2B payments tools, introducing BIP Connect which links eligible BIP customers to the Paymode network. The move aims to accelerate digital transformation in commercial payments.

July 22, 2026

2 min read

Source: Electronic Payments

American Express (NYSE: AXP) has announced an update to its B2B payments platform, launching BIP Connect, a tool that links eligible BIP (Business Insights & Payments) customers to the Paymode B2B payment network. This step is part of the company's efforts to expand digital payment solutions for businesses.

The New Product: BIP Connect

BIP Connect integrates American Express's BIP program with Paymode, a B2B payment network. The integration allows businesses to send and receive payments electronically, reducing reliance on paper checks and accelerating payment cycles.

Pricing and Availability

American Express has not disclosed pricing details. The tool is currently available to eligible BIP customers in the United States.

Competition

American Express faces competition from companies like PayPal and Stripe in the digital B2B payments space, but its focus on existing BIP customers provides a ready user base.

Potential Impact on the Company

BIP Connect is expected to enhance customer loyalty among business clients and increase usage of American Express's payment services, potentially contributing to growth in commercial payments revenue.

Frequently Asked Questions

BIP Connect is a new tool that allows eligible BIP customers to connect to the Paymode B2B payment network, facilitating electronic payments.

Found this useful? Share it

This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.