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American Express is launching Early Pay, a digital financing service that allows large U.S. companies and their suppliers to benefit from discounted bill payments.
Eligible U.S. companies that buy goods and services from U.S.-based suppliers can use the product to increase cash flow, generate working capital, and make their supplier payment process more efficient.
In turn, suppliers can have their eligible invoices paid earlier than their original payment due date for an early payment discount.
“Access to money and improving efficiency are crucial for the growth of both corporations and the companies they work with,” Gina Taylor Cotter, senior vice president and general manager for global commercial financing at American Express, said in a Friday press release.
“The genesis of
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