American Express (AMEX) and Macquarie Leasing announced the launch of a relationship that would allow business owners to pay for their vehicle and equipment finance commitments by card. The program is open to all AMEX card-members enrolling in a new commercial vehicle and equipment finance agreement with Macquarie Leasing.

The program is a global first for AMEX within the commercial equipment finance space, with Macquarie Leasing the only institution in the market to accept any form of plastic payment for new commercial vehicle and equipment finance repayments.

Andrew Sidery, head of Macquarie Leasing specialist sales, said: “Macquarie Leasing is delighted that we can assist Australian businesses by expanding the range of vehicle and equipment financing solutions available in the market. This relationship with AMEX is a result of our continued commitment to provide market-leading solutions to SMEs.”

Joanne Sully, vice president, Global Merchant Services, AMEX, said: “This is a great opportunity for business owners to diversify the way they pay for their business equipment needs – from car to medical equipment finance arrangements. In addition, business owners can benefit from a convenient method of payment with the added advantage of being able to extend their cash flow.”

Sully added: “Business owners can now use their AMEX card to pay for commercial vehicle and equipment finance repayments and in doing so, will earn more Membership Reward points – which can ultimately be put back into their business.”