Paymode capabilities will expand secure U.S. vendor payment options for MassPay customers
- MassPay is embedding Paymode’s virtual card and Premium ACH capabilities directly into its payment orchestration platform.
- Customers can pay vendors through a secure payment network without adding another system to manage.
- Organizations gain greater control and visibility over vendor payments while reducing exposure to payment fraud.
Bottomline, a global leader in business payments, today announced a partnership with MassPay, a payment orchestration and global financial platform, to embed Paymode’s virtual card and Premium ACH capabilities directly into the MassPay platform. This will allow MassPay customers to pay U.S. vendors through Paymode’s secure network alongside the payments they already manage through MassPay.
As payment fraud targeting businesses continues to rise, finance teams need vendor payment methods that protect both sides of the transaction. MassPay customers will gain access to Paymode’s wide network of enrolled vendors and can use virtual card and Premium ACH as secure vendor payment options. Businesses can reduce fraud risk, keep better control over who gets paid and how, and manage it all on the platform they already use. For organizations still paying some vendors by check, it also offers a simple path to secure electronic payments.
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“Security is at the center of every payment our customers make,” said Ran Grushkowsky, Co-Founder and CEO of MassPay. “Adding Paymode’s services gives our customers secure ways to pay vendors, backed by a trusted network, without adding another system to manage.”
“Finance teams are under pressure to protect against fraud while doing more with fewer resources,” said Gunita Bindra, Vice President, Partnerships and Business Development at Bottomline. “MassPay has built a strong platform for moving money across a wide range of payment scenarios. Together, we’re making it easier for their customers to automate vendor payments securely and move away from paper checks.”
The partnership expands Bottomline’s embedded payments ecosystem by extending access to Paymode through strategic partners that help businesses pay and get paid digitally.
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