PayMode® addresses the critical requirements of an electronic business payment solution built to support modern commerce:

Payments AND Remittance Information Together Digitally — PayMode enables you to transmit and accept remittance information in your company's preferred digital format. This important feature improves your business process and helps lower the costs associated with initiating, sending, receiving and reconciling payments. Few other payment mechanisms can accommodate this kind of rich and flexible information in a purely digital format.

Vendor/Customer Sign-Up — To assist your company in enrolling and activating its suppliers and customers in PayMode, Fleet offers an Accelerated Enrollment Program. We engage your suppliers and/or customers on your behalf to enroll them quickly and with minimal effort on your part. That way, you begin to rapidly recognize the value of electronic payments. See A Rapid Receipt Of Value for more details.

Integration with A/P and A/R Systems — PayMode is designed to work with your existing accounts payable and accounts receivable systems and workflow. Fleet quickly integrates PayMode with your A/P and A/R systems, leveraging your existing technology investment. For more information see AP/AR Integration.

Works With Your Banks — PayMode is an electronic payment solution that works with all banks. This means your company's current bank accounts do not have to change when you enroll. PayMode utilizes the efficiencies of existing interbank settlement networks to move funds between accounts at different banks.

Enhances Your Existing Process — PayMode takes the place of current payment methods without requiring changes to your company's processes, such as preparing invoices for payment and posting and reconciling receipts. In fact, PayMode helps make your existing process more efficient, saving you time, resources and money; our integration services help ensure that your existing AP/AR systems and procedures work with PayMode seamlessly and securely.

State-of-the-Art Security — Because PayMode moves money and sensitive payment information electronically, Fleet utilizes the highest standards in Internet data security, helping to meet your company's most stringent security requirements. This includes digital signatures with 1024-bit encryption, the strongest encryption technology currently commercially available, and Internet-standard SSL to enforce Internet confidentiality. In addition, PayMode access control features restrict usage to only authorized individuals, while user-specified transaction limits and multi-party controls help ensure that every payment is authorized, authenticated and documented.

Predictability of Cash Flow — With PayMode’s reporting and notification functions your company gains greater control of cash flow, adding predictability to the process of making and receiving payments. You can view your company's payment history in real time directly from your PayMode home page to better manage outbound cash flow, as well as track inbound payments to better manage cash flow and working capital. PayMode also features exception reports to resolve payment problems, and e-mail notifications to alert you to incoming payments and account changes.

Easy to Use — Those authorized to do so simply log on to PayMode to make and receive payments, create and view reports, and update the information about your PayMode account, including changes to your bank account information.

Easy to Enroll — Getting started with PayMode requires a few set-up activities to see that payments are made and received simply, accurately and securely. Enrolling in PayMode can be accomplished via the Web in about 10 minutes (see Enrollment for more details). Most importantly, PayMode works with your company's business rules, procedures and workflow, so you establish and maintain the way you use PayMode based on the way your company operates

Live Customer Support — Fleet understands that even in the electronic world, live human contact is important. PayMode Customer Support — both by phone and on the Web — can assist your company at both the account and transaction levels, as well as in all facets of using PayMode, including enrollment, payments, security, account maintenance and general information. PayMode Customer Support is available Monday-Friday, 8 am to 8 pm EST, and can be reached toll free at 877-443-6944, or by clicking the Customer Support link while logged on to PayMode.

For more information about PayMode contact us toll free at 866-252-7366.