Market Overview

American Express and Cvent Integrate Corporate Meeting Card with New Virtual Payment Capabilities into Cvent Platforms

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Automated process will help improve budget management and streamline
payments for meetings and events by offering enhanced visibility and
security

American
Express
(NYSE:AXP) and Cvent,
Inc
., a market leader in meetings, events and hospitality
technology, today announced they are integrating virtual payment
capabilities to Cvent's hospitality and event platforms. The solution
enables users to generate and pay suppliers with American Express
virtual account numbers, which are single-use or multi-use account
numbers with a fixed authorization amount and expiration date for each
transaction. The integration will offer businesses a streamlined,
automated method for paying suppliers and managing budgets with the American
Express® Corporate Meeting Card
.

Joint Cvent and American Express® Corporate Meeting Card clients can now
access a unique budget management solution within the Cvent platform.
The offering enhances security, visibility and control over payments and
the payment process, while simplifying the previously time-consuming
manual processes by automating budget management for meetings and events
payments.

"This integration is an exciting, new opportunity for clients that want
an end-to-end solution to better manage their meetings and events
programs," said Patrick Smith, Chief Marketing Officer at Cvent.
"Together with American Express, we're introducing an innovative,
automated solution that provides our customers peace of mind when
planning and executing successful meetings."

"American Express is a partner to businesses around the world, and we
continually strive to make it easier for customers to use our products
in the systems and platforms where they are doing business today," said
Gint Balodis, Vice President, B2B Products, American Express Global
Commercial Services. "Meetings and events require significant resources
and a ton of coordination to plan, so it's extremely important that
event planners have all the tools they need to manage a budget, generate
payment and track all expenses real-time within their meetings
management software solution."

The American Express Card integration is now available. To learn more,
organizations can contact their American Express Client Manager or Cvent
Account Manager.

About Cvent

Cvent, Inc. is a leading meetings, events, and hospitality management
technology provider with more than 3,200 employees, 25,000 customers,
and 300,000 users worldwide. The Cvent Event Cloud offers software
solutions to event planners and marketers for online event registration,
venue selection, event management and marketing, onsite solutions, and
attendee engagement. Cvent's suite of products automate and simplify the
planning process to maximize the impact of events. The Cvent Hospitality
Cloud partners with hotels and venues to help them drive group and
corporate travel business. Hotels use the Cvent Hospitality Cloud's
digital marketing tools and software solutions to win business through
Cvent's sourcing platforms and to service their customers directly,
efficiently and profitably – helping them grow and own their
business. Cvent solutions optimize the entire event management value
chain and have enabled clients around the world to manage hundreds of
thousands of meetings and events. For more information, please visit Cvent.com, or
connect with us on FacebookTwitter or LinkedIn.

About American Express Global Commercial
Services

Through our Global Commercial Services division, American Express offers
powerful backing and support that helps companies of all sizes gain
financial savings, control and efficiency. We provide a suite of payment
and lending products, solutions for travel and everyday business
spending, cross border payments, global currency solutions, and business
financing.

To learn more about Global Commercial Services, visit business.americanexpress.com.

About American Express

American Express is a global services company, providing customers with
access to products, insights and experiences that enrich lives and build
business success. Learn more at americanexpress.com and
connect with us on facebook.com/americanexpress,
instagram.com/americanexpress,
linkedin.com/company/american-express,
twitter.com/americanexpress,
and youtube.com/americanexpress.

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