Paymode-X for Banks

Paymode-X® from Bottomline Technologies is the largest and fastest-growing settlement network and provides a way for banks to help clients accelerate electronic transactions. Paymode-X complements existing cash management solutions such as ACH and purchase card programs and can deliver additional revenue in a short time for banks. Robust functionality, an established network and proven on-boarding and support services ensure rapid implementation and superior customer experience.

ACH and card transaction continue to displace paper checks in business payment transactions but obstacles remain for corporations in achieving their efficiency and electronic payment objectives. Paymode-X provides a turnkey and differentiated solution for banks to help their clients take their electronic payments initiatives to the next level. The solution complements purchasing card programs with a comprehensive vendor on-boarding and client support program that enables clients to increase their electronic payment transactions. Vendors benefit from rich digital remittance detail and better cash flow visibility.

With Paymode-X from Bottomline, banks:

Can foster the conversion of paper to electronic payments

Differentiate their ACH offering in the market

Create and enable new opportunities for supply chain finance

Can design new opportunities for “stickiness”