Benefit from rigorous vendor validation
Paymode-X uses more than 300 data points to validate vendors and make sure they are who they claim to be - and are not on any blacklists. These validations occur before you’ll make a single virtual card or premium ACH payment over our network.
Plus, whenever a request is made to change bank account information, these validations - including IP location and type, device being used, and other digital identity variables - are repeated in full.
Strength in numbers
The Paymode-X payments network counts more than 550,000 payers and payees - all fully validated. That means it's extraordinarily difficult to impersonate vendors and intercept their payments.
Plus, Paymode-X uses a broad range of partners to enrich data to detect fraudulent activity.
Enjoy multi-layered protection
Both payees and payers must use multifactor authentication before they can transact on the Paymode-X portal.
This mobile phone-based authentication offers additional levels of protection, and protects from common Business Email Compromise, phishing and phone-based frauds.
Don't sweat BEC. Paymode-X stops it.
Paymode-X deploys a sophisticated net of detection strategies to prevent Business Email Compromise and identify imposter vendors. These include flagging unusual log-in times, IP addresses, and devices used.
We know these prevention efforts work because they have successfully blocked many BEC attempts over the years. In fact, Paymode-X processes $400B in payments a year with 0 fraud.
Pay with two secure digital payment methods
Pay vendors with highly secure electronic payment methods, virtual card and Premium ACH. These payment methods are trusted by 550,000 businesses using the Paymode-X network, and generate rebates and efficiency benefits for your business.
Premium ACH
Make secure bank-to-bank transactions to your vendors.
Virtual Card
Paymode-X will send a one-time use virtual card to your vendors.
"We chose Bottomline because Paymode-X verifies the banking information of our vendors. We no longer are responsible for maintaining vendor banking details."
Accounts Payable Manager and Paymode-X customer
