Make and receive secure and convenient electronic payments using a solution trusted by 550,000+ member businesses.
Fraudsters target accounts receivable teams to misdirect payments, and if successful, they can cost both payers and suppliers money, strain key business relationships, and more damaging impacts. Paymode-X prevents this.
Fraud is growing in scope and sophistication every year, which makes protecting your critical account information important. If a fraudster can impersonate your business to steal a payment from your customer, a critical business relationship can be strained or destroyed, and you may never receive the payment you were owed. Paymode-X prevents these losses by authenticating and verifying your bank account details with Plaid, the most secure solution in the market, and by protecting those details behind multiple layers of security. That ensures you never have to worry about fraudulent transactions, and your payers will never slow or stop payments due to fraud concerns while using Paymode-X.
We keep your business safe by:
Know about Bec attempts before it’s too late
Business email compromise is the single biggest fraud threat facing U.S. businesses, as one in three successful fraud attempts originated through email last year. Paymode-X is built to protect you and your payers from this scourge. We notify every business on the network directly if we see that someone is attempting to access our network with false credentials or a spoofed email, blocking the attempt in the process. That ensures your payment isn’t re-routed and that you have early warning so you can take the necessary steps to lock fraudsters out of your accounts.
Each year, 500,000+ businesses exchange $300 billion in payments through Paymode-X without a single instance of fraud.
Virtual card acceptance can be a major difference maker for accounts receivables teams eager to improve speed, data and security. This one-page asset explains the benefits of doing so through Paymode-X.
Getting paid remains as essential today as it was a millennia ago. It’s just that how you get paid is changing, and those changes offer opportunities that have never existed for accounts receivable before. Explore those opportunities with Paymode-X.
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