Premium ACH
Make secure bank-to-bank transactions to your vendors
Earn rebates from two electronic payment options
Just send your payments file to Paymode-X, and we'll do the rest. Pay your vendors using Premium ACH and virtual card, two highly secure payment methods that generate money back. You can track everything online in the Paymode-X portal, including rebates earned.
Half (or more) of your vendors are ready on day one
Because the Paymode-X network is more than 550,000 businesses strong, it’s likely that at least half of your vendors are already getting paid through Paymode-X already. So, it will take no time for them to add you as a payer, as soon as you are ready to launch.
Plus, we'll enroll any vendors not already using Paymode-X.
Rest easy. Paymode-X stops fraud.
Paymode-X fully vets and authenticates every vendor on its network, using more than 300 data points. Plus, we deploy a sophisticated net of fraud detection strategies to identify any imposters claiming to be vendors.
We know these mitigation efforts work because they have successfully blocked BEC attempts over the years. In fact, Paymode-X processes $400B in payments a year with 0 fraud.
Track payments in an intuitive portal
Log in to gain full visibility into every payment you make and every supplier you pay, all in an easy to use portal.
You can also use Paymode-X while on the go via the mobile app, streamlining payment approvals.
Get payment details at a glance
View every payment and their status in the Paymode-X portal. Plus, you'll see:
- How you paid each supplier
- When you made the payment
- What rebates and discounts you achieved
Eliminate back and forth with vendors
Using the Paymode-X portal and/or mobile app, your vendors can get all the reports and data they need. There will be no need to contact you. They can:
- View payment remittance details
- Create reports and schedule them for delivery to their inbox
- Submit invoices directly to their customers
Easily act on early payment discounts
Track which of your payees offer discounts for early payments right within the Paymode-X portal.
Issue payments to these vendors as quickly as needed and take advantage of the opportunity to further offset costs.
Pay B2C and B2B from one file
Need to reimburse employees and pay vendors? You can combine both payment types in the same payment file and pay through Paymode-X.
Note: only B2B payments are eligible for rebates
Connect your GL to Paymode-X with secure integration protocols
Paymode-X can integrate with any GL. Payments data is automatically transmitted back and forth, so you'll be up-to-date on every transaction.
See how much could you save with Paymode-X AP automation software
Trusted by thousands of businesses like yours
Adding Paymode-X to our internal business payment mix allows us to offer multiple payment options to meet our diverse needs of our Vendors. In doing so, we also gained efficiencies within our API processes and added a new revenue stream for Citizens. Craig McCarthy | Citizens Bank
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