Welcome
to PayMode®,
Fleet’s market-leading electronic business payment
solution. PayMode is a proven solution that enables businesses
to send
and receive electronic payments, along with detailed remittance
information, to and from suppliers and customers.
PayMode helps
enhance business performance — improving
profitability and competitiveness, fueling growth and driving
your company's success. PayMode can lower administrative
costs, create a more efficient business process, strengthen
relationships
with suppliers and customers, and enable more efficient
management of working capital.
Created in the mid-1990s,
the first generation of this
electronic payment technology was developed to reduce
payment and processing
costs for businesses, banks and the U.S. government.
In 1998, the technology was used successfully to transact
secure payments
between the U.S. Treasury and its vendors over the Internet.
Since then, the original technology has been surpassed
with the development of PayMode -- a complete electronic
business payment
solution created to support the evolving demands of modern
commerce.
A better way to conduct business.
Every
business professional knows that maximizing profitability
and competitiveness means reducing costs and finding
sustainable competitive advantage. There is one activity — performed
by every company, regardless of size or industry — where
real opportunity exists to accomplish this: Payments.
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You may be spending
unnecessary time and money in the process of making payments
to your suppliers and vendors, adding significant costs
to your purchases. |
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High, hidden costs incurred in
the collection and reconciliation of payments for the
sale of products and services may be diluting your margins. |
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You may be forgoing a significant
opportunity to build stronger, more advantageous relationships
within your supply
and demand chains. |
Each
year in the United States, roughly nine billion paper checks,
representing 84% of all business
payments, are written
to settle
transactions between vendors and suppliers and their
customers. But processing a paper check can cost $5-$10 or
more, often
incurred both by you and your vendor or customer. And those
are just the
obvious costs. Significant opportunity costs created
by the inherent inefficiencies of processing paper checks
include
vendor discounts
not taken, exposure to fraud and less-than-optimal trade
terms.
And, few of today’s existing payment methods
can fully provide the sophisticated payment remittance data
required
to efficiently reconcile business-to-business payments,
resulting in ongoing and unnecessary costs in systems, staff
and bank
fees.
PayMode provides the efficiency and
cost-effectiveness today’s
commerce demands…with the predictability and certainty
that helps you to be more competitive, increase profitability
and enhance your company’s performance. Once your
company is using PayMode, you reduce your cost of doing
business. That’s
why PayMode is a better way to make and receive business-to-business
payments today. How can PayMode benefit your business?
By improving the way you make and receive business payments
over traditional payment methods like paper checks and
older electronic payment technologies …and by doing
it faster, easier and less expensively!
PayMode fully
transmits both payment and detailed remittance information
digitally, from buyer to seller, beginning
to end. With leading edge security at every step. Helping
save your
company substantial time and money over other existing
payment options. And PayMode works with any bank account.
When
using PayMode, you can link with your suppliers and
customers to make and receive payments with them online — without
altering your existing accounts payable or accounts receivable
system, your business process or your banking relationships.
PayMode
works with any bank and integrates quickly and easily
with any ERP system or accounting software. We also
help
you realize value quickly by signing up suppliers, vendors,
service
providers and customers on your behalf with our successful Accelerated Enrollment Program.
Enroll Now.
PayMode couples electronic payment with rich remittance
information — a
solution that’s secure, convenient and certain. It's
where your business needs to be.
To start the online enrollment
process right away, just click on the Enroll link. You
can see exactly how PayMode
works on
our Flash demo. Or read further through this site to learn
more about the advantages PayMode brings to your business.
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