SOURCE: Relyco


February 14, 2012 10:05 ET

Relyco Offers Industry-Leading Paymode-X ACH Payment Processing and Rebate Software as a Service

Software as a Service Turns Accounts Payable Into Profit Center With Unique Vendor Rebate Program, Speeds Payments, and Reduces Operational and Transaction Costs

DOVER, NH--(Marketwire - Feb 14, 2012) - Relyco®, a leading provider of value-added business printing and payment solutions, today announced the introduction of Paymode-X electronic ACH payment processing and rebate software powered by Bottomline Technologies to its lineup of payment solution products. Paymode-X is a Software as a Service (SaaS) solution that helps organizations to easily and securely convert from paper to electronic ACH payments -- enabling them to reduce cost, streamline operations, and turn Accounts Payable into a profit center through a dividend rebate program.

The Paymode-X solution is targeted toward medium-to-large-sized enterprises, including Fortune 500 companies, state and local governments, and companies in the $100 million-and-up revenue range.

Relyco will officially launch the Paymode-X software in this upcoming Webinar:
Title: Making Accounts Payable a Profit Center: Through Ground-breaking ACH Payment and Rebate Software
When: February 29, 2012 at 1:00PM EST
Click to Register:

"For more than 20 years, Relyco has been an expert in secure check printing and processing solutions. Our customers rely on us to guide them to best payment solutions for their business," said Bruce Steinberg, senior vice president of sales for Relyco. "More and more customers are now looking for electronic methods for payments and we chose Paymode-X as a best-of-breed solution. With Paymode-X, our customers will not only save money by transitioning to electronic payments, but they will also have the opportunity to make money with a very compelling rebate program."

Paper-to-Electronic Conversion Starts Instantly
With more than 150,000 companies enrolled in the Paymode-X network, organizations can convert significant portions of their paper-based payments to electronic transactions immediately. In fact, most new payers find that one in three of their strategic vendors are already enrolled -- providing instant cost savings. Paymode-X clients typically convert 50-70 percent of their paper payments to electronic within the first 12-16 weeks of implementation.

Dividend Rebate Program Turns Accounts Payable into Profit Center
Paymode-X offers a unique, incremental profit center for an organization's Accounts Payable department via the software's dividend model. Organizations are realizing a combined savings and earnings in the hundreds of thousands of dollars range.

Benefits of paying electronically with Paymode-X include:

  • Convert from paper to electronic payments and remittances advice painlessly
  • Turn Accounts Payable into a profit center through vendor rebates
  • Build stronger payer-vendor relationships
  • Streamline payment processes to reduce operational and transactional costs, delays, processing errors and bank fees
  • Seize early payment discount opportunities
  • Protect against payment fraud
  • Achieve greater control and predictability of cash flows to optimize working capital
  • No capital expense on customer side

Availability, Information, and Pricing
Paymode-X is available through Relyco now. For more product information, pricing, and to set up a Paymode-X demo, visit the Relyco Paymode-X web page, call 1-800-777-7359, or email

About Relyco
Relyco is a leading provider of value-added business printing solutions, business equipment, and check printing software with over 10,000 customers worldwide. As one of the largest distributors of laser and digital applications, including laser checks and other high-security documents, Relyco's long-standing membership in the ASC X9AB check processing committee and extensive experience with fraud prevention strategies and new forms technologies positions it as the most innovative leader in the business printing solutions field. Relyco's customers include Google, PepsiCo, Samsung, Adobe and Microsoft. For more information, please visit

Contact Information

  • Contact:
    Christian Simko
    Director of Product Marketing and Communications
    Relyco Sales Inc.
    121 Broadway
    Dover, NH 03820
    Office: 603.516.3695
    E-mail: Email Contact


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