Through the Paymode-X payment network, banks can deliver meaningful efficiencies for their corporate customers and generate new sources of revenue at the same time. With Paymode-X, organizations of all sizes can electronically transact with one another to streamline making and receiving payments.
Payers use Paymode-X to make electronic payments, mitigate fraud risk, reduce paper and labor-intensive processes,
and turn AP from a cost center into a profit center through Dividends on purchase volumes. Vendors enjoy an easy-to-use system that empowers them to streamline receivables and cash application. With Paymode-X, they can gain visibility to upcoming payments and receive detailed electronic remittance in a format of their choice.
Banks benefit from the existing partnerships between Paymode-X and both Visa and Mastercard to provide customers with a full, integrated payables solution. Paymode-X is able to provide complete payables outsourcing for all payment types with integrated supplier onboarding and campaign management, providing the highest adoption and revenue.
Deepen customer loyalty, grow revenue, and expand market share with Paymode-X.