PaymentWorks has introduced Payee Profile, a standardized, reusable credential that helps businesses manage the tax, banking, and compliance information required to get paid. The launch marks the next advancement of PaymentWorks' Vendor Identity Network, which today includes more than 1.5 million credentialed businesses.
PaymentWorks launches Payee Profile for portable vendor identity in B2B payments.
Provides standardized, reusable credential for tax, banking, and compliance information.
Vendor Identity Network includes 1.5M+ credentialed businesses, growing 35% annually.
Offers $2M guarantee on eligible domestic ACH payments to vendors with Payee Profile.
Includes guided workflows, tokenized banking details, and centralized management.
Has stopped more than $325M in fraudulent payments for 300+ enterprise customers.
For many organizations, vendor onboarding still depends on customer-specific forms, fragmented workflows, and repeated verification of the same sensitive information. The result is a high-friction process for suppliers and an ongoing governance challenge for finance, procurement, and payments teams. PaymentWorks Payee Profile is designed to reduce that friction by giving payees a portable, authenticated profile that can be securely reused across business relationships. For payers, the Payee Profile helps create a trusted vendor record before sensitive identity, tax, and banking data enters ERP systems and payment workflows.
Key capabilities of the PaymentWorks Payee Profile include guided workflows and visual progress tracking that reduce manual work; tokenized banking details that protect against unauthorized changes, fraud, and business email compromise; offloading of fraud liability and potential qualification for more favorable insurance coverage; and centralized management of W-9s, conflict-of-interest attestations, and insurance certificates. PaymentWorks stands behind its vendor identity platform by assuming the risk for fraudulent ACH payments, offering a $2 million guarantee on eligible domestic ACH payments made to vendors with a PaymentWorks Payee Profile.
The approach helps organizations strengthen vendor governance, reduce manual exception handling, and maintain a more audit-ready payments environment. It also gives suppliers a simpler way to manage and update the identity information their customers need to establish trusted business relationships. AI-enabled procurement and autonomous workflows require a new approach to vendor identity, as processes built for manual review are not suited for software agents executing transactions at machine speed.
"The PaymentWorks Payee Profile is the next milestone in the vision that inspired us from day one, and it's the foundation for what's next," said Thayer Stewart, CEO of PaymentWorks. "We're building a trusted identity network that connects payers, payees and financial institutions, making B2B commerce more intelligent."
"AI-enabled procurement and autonomous workflows require a new approach to vendor identity," said Taylor Nemeth, vice president of product at PaymentWorks. "The processes organizations rely on today were built for manual review, not software agents executing transactions at machine speed. The PaymentWorks Payee Profile gives organizations a trusted identity layer that reduces risk and enables a more efficient procure-to-pay lifecycle."
About PaymentWorks
PaymentWorks is the vendor identity platform for B2B payments, serving as the secure digital front door to the ERP. The company helps organizations establish trusted vendor relationships through secure vendor onboarding, authentication, compliance, and payment security. Today, PaymentWorks supports more than 300 enterprise customers across every major industry. Its Vendor Identity Network includes more than 1.5 million credentialed businesses and continues to grow by approximately 35% annually. PaymentWorks has stopped more than $325 million in fraudulent payments, helping organizations reduce supplier payment risk while protecting critical financial data. The company is partnered with seven of the largest U.S. financial institutions.
