Accelerated Enrollment Program for PayMode Customers

Initiative Will Increase Efficiency as it Drives Customers’ Vendors and Suppliers to Implement Leading Electronic B2B Payment Solution

PORTLAND, ME — July 24, 2001 — The providers of PayMode®, the only bank-neutral, electronic payment solution enabling secure, information rich, business-to-business transactions, today announced the availability of its Accelerated Enrollment Program, designed to accelerate the adoption of its business-to-business electronic payment solution. The Program is immediately available to all customers with PayMode services.

Paying a vendor or supplier electronically increases efficiency, reduces costs and provides greater control of cash flow, but has no value unless the vendor or supplier has the capability of receiving that payment. To address this, Accelerated Enrollment Program has been developed to quickly provide broad acceptance of PayMode among its customers’ suppliers, clients and other business partners. By doing so, its customers are enabled to quickly and efficiently take full advantage of the benefits of electronic payments.

How It Works
The Accelerated Enrollment Program is a coordinated series of activities, materials and methodologies that increase the adoption of PayMode among the customers’ suppliers and clients and, therefore, grow the network of PayMode users that can conduct business with each other electronically. Customer’s supplier and/or client list are analyzed and segmented, then prioritized based on their value to the customer.

Contact: Ann McCormick , 207-771-3769,   ann_f_mccormick@fleet.com