ZapNote: Clareon

Purchasers spend an inordinate and unnecessary amount of time and money in making payments to vendors and suppliers and collecting and reconciling payments for the sale of products and service. While there are more automated and electronic means for payment, each of these existing solutions have challenges that have prevented completely successful adoption in a business-to-business environment. Clareon has created PayMode as a bank-neutral, high-volume electronic payment solution for secure, information-rich, business-to-business transactions. PayMode is an Internet and XML-based settlement mechanism that allows businesses to send and receive payments and remittance data in a secure environment while providing both online and call center support for its users.

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