American Express Turns to PayStream Advisors for Trends, Analysis and Advice

In a speech for the American Express executives in attendance at the Technology Edge 2005 conference in Phoenix, July 2005, Henry Ijams of PayStream Advisors described to the audience how American Express can offer customers payment choices that deliver their services more cost-effectively.

Mr. Ijams stated that “credit cards today play a pivotal role in American, and indeed world, commerce. However, to be more efficient, businesses need to embrace the fluid nature of electronic payments because paper processing of these transactions is the enemy of predictability and maximum value.”

Mr. Ijams told spectators the adoption of online travel bookings made with credit cards and optical character recognition technology for digitizing paper receipts are two technologies contributing to the three most important trends in accounts payable automation: visibility, predictability and control.

About PayStream Advisors, Inc.

PayStream Advisors is a technology research and consulting firm that improves the way organizations plan, evaluate, and select financial automation technologies to achieve their business objectives. PayStream Advisors assists clients in sorting through the growing complexities of IT applications related to financial automation with the goal of making objective, analytical and actionable recommendations. Whenever financial automation is an issue, PayStream Advisors is there to help. For more information call (704) 523-7357 or visit our Web site at paystreamadvisors.com.