Paymode
J.P. Morgan customers can strategically leverage the Paymode business payment network to outsource vendor management, help mitigate fraud risk, enhance rebate optimization, and drive efficiency through digitization.
Partner product overview
J.P. Morgan clients can use Paymode’s mature business payment network of over 550,000 verified businesses to pay suppliers securely and earn rebates from AP spend. Given the size and growth of the network, it’s likely many vendors are already accepting payments through the network. Client's can eliminate the need for their own AP function with Paymode's continuous supplier enablement and account data validation.
Benefits with J.P. Morgan
- Mitigates fraud risk by outsourcing the collection, storage, and validation of supplier account information, securing it with multi-level authentication, to help reduce fraud
- Reduces manual labor to leverage automation to efficiently manage costs with manual payments
- Monetize payments to improve working captial by earning rebates on select ACH payments
- J.P. Morgan manages the client's end to end experience by streamlining processes by having a direct contract with the client
- Complimentary to J.P. Morgan's leading virtual card solution to unlock optimal payment strategy
- Clients can receive a monthly rebate for faster improvements to their working capital
Bottomline helps businesses transform the way they pay and get paid. A global leader in business payments and cash management, Bottomline’s secure, comprehensive solutions modernize payments for businesses and financial institutions globally.