Data Accuracy
American Express data capture and reporting procedures have proven to
be nearly 50% more accurate and reliable, on average, than processes
used by bank issued card providers. Our exclusive, closed-network operating
structure enables us to capture enhanced data at the point-of-sale. This
ensures the integrity of data from the point of sale to report delivery.
A study conducted by the McDonough Consulting Group (USA) showed that
American Express data accuracy is 98%, compared to 66% for bank
issued cards1.
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Enhanced Data
As a result of our proprietary network, American Express has direct relationships not only with our Cardmembers and customers, but also with each merchant that accepts the Card. This enables us to maintain an extensive database of Cardmember, supplier and point-of-sale data. This is used to provide a wealth of data to help you manage your procurement program more efficiently.
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