B2B Payments Network Paymode Tops $570B: Vendors Pay Fees, Zero-Fraud Claim Is Self-Reported
· techtimes.com · popularity 18/100 · 0 similar stories today · Cybersecurity (Technology & Consumer Electronics)
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Summary
B2B payments network Paymode now processes more than $570 billion a year for 635,000 businesses, Bottomline said Thursday. Vendors pay per-transaction fees or card interchange while payers earn rebates, and the zero-fraud claim is self-reported and covers only payments to enrolled vendors. The company also cites business email compromise defenses.
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