Rillion Pay
Payments as a Service (PaaS)
Rillion Pay is a payments processing software that are enabling organizations to eliminate paper checks, manual payment processes, and supplier exceptions.
AP Automation for your
peace of mind- we got this.
Get to know Rillion Pay
Rillion Pay – Payments as a Service (PaaS)
- Payment Delivery to 100% of Your Suppliers – You send a single payment file from Rillions payment management solution, and we take it from there.
- Comprehensive Payment Options – Immediately take advantage of modern electronic payments including virtual cards, ACH, Enhanced ACH, eCheck, and more.
- Trusted Payments Operations Team – We remove the burden of exception handling, disputes, and manual supplier communication from your AP team. Automated and proactive checks and balances ensure your payments are settled.
Optimized Payments
Modern, secure B2B payments involve a complex process. Rillion provides a comprehensive payment management solution, enabling companies to ditch manual, paper-based payment methods and quickly adopt secure, revenue-boosting electronic payments.
Payment Delivery & Operations
Rillion delivers 100% of your payments.
You focus on “who” to pay we determine “how”.
Payment Reporting & Analytics
Gain unmatched visibility and control of your payment data in one centralized location for reporting.
Supplier Management
All supplier payment communication managed including ongoing conversion to electronic payments.
Revenue Generating Payments
Create a new revenue stream by converting existing AP spend to electronic payment methods.
Virtual Cards
Virtual cards with our payment management solution represent a digital, cloud-hosted variant of traditional credit cards, featuring a unique 16-digit card number intended for single-use and a predetermined expiration date, specifically designed for conducting vendor transactions of a precise amount.
Reduced Risk
Specified expiration period, a maximum dollar spend and a randomly generated account number.
Faster Payments
Dispersed to a supplier’s bank account in 2 days, compared to checks, which take an average of 5 business days.
Revenue Share
Drives valuable earning opportunities from your existing AP spend.
Improved Cash Flow
Eliminate the risk of late payments, overpayments, reconciliation issues, and lost checks.
Benefits of Rillion Pay
Reduce Costs
By eliminating manual work, paper, and preventing errors.
Gain Visibility & Control
By gaining insight into who is being paid, how much, and by what method.
Save time
By removing administrative payment tasks and supplier management.
Prevent Fraud
By reducing payment management liability and removing security burdens.
How does Rillion Pay make a difference?
Rillion Pay revolutionizes online payment management by addressing common issues such as the need for physical presence, the requirement of executive signatures on checks, and the significant time and cost involved in traditional check runs, which can range from $6 – $10 per transaction.
Secure payments
Payment Data Management and Security
- Payment Data Storage & Security – Account information is securely collected, validated, encrypted, and stored with our payments processing software.
- Data Cleaning & Enrichment – Payment data is always up-to-date, robust, and reliable for making fast, accurate payments, and increasing electronic payment conversion.
- Safe & Secure Payments – Protect against payment fraud without investing in a complex and costly process.
Safe and Secure Payments
OFAC Sanctions Screening
Rillion Pay utilizes the Office of Foreign Assets Control (OFAC) programs to proactively combat money laundering, terrorist financing, and other fraud-related risks within our payments processing software.
AML Compliance Transaction Monitoring
An “Anti-Money Laundering” compliance program that allows Rillion Pay to provide automated, comprehensive, and consistent surveillance of all transactions across our network and to efficiently detect, investigate and report suspicious activity.
Bank Account Validation Services
Rillion Pay validates bank account information changes to prevent unauthorized changes to your bank account and to your vendor’s bank account.
Know Your Customer (KYC)
Rillion Pay performs KYC to verify the identity of each customer or business, to ensure trust that we are not doing business with bad actors.
Customer stories
Read more about our payments processing software.
“If I was in charge of sourcing a new AP Automation solution today,
I would choose Rillion.”
Implementation
We’re committed to solving your problems, making your job easier with our online payment management system.
- The implementation process takes approximately 8 weeks, during which Rillion establishes setups for each supplier and registers them in the portal, allowing them to choose their preferred payment method (ACH, Enhanced ACH, Virtual Cards, Checks).
- Seamlessly integrates with any Accounting or ERP system, requires no installation, and does not necessitate IT involvement.
As always, we’re with you all the way.
Seamless integration with your ERP
Rillion’s solutions integrate with many popular finance and business systems.
FAQ – Payments as a Service (PaaS)
What is Payments as a Service (PaaS)?
Payments as a Service is a model where payment services are provided through cloud-based platforms, enabling businesses to process transactions without the need for traditional banking infrastructure or payment processing systems. It offers a flexible, scalable, and secure way to manage financial transactions online.
How does Rillion Pay ensure the security of transactions?
Rillion Pay employs state-of-the-art encryption and security protocols to safeguard all transactions. It also complies with international security standards, including PCI DSS, to ensure that your data and financial transactions are protected against fraud and cyber threats.
What types of payments can be processed with Rillion Pay?
Rillion Pay supports a broad spectrum of payment types, including but not limited to, direct bank transfers, credit/debit card payments, eChecks, and international payments. This flexibility allows businesses to accommodate the preferences of all their customers.
Is Rillion Pay suitable for businesses of all sizes?
Absolutely. Rillion Pay is scalable and can be tailored to meet the needs of small startups, mid-sized enterprises, and large corporations alike. Its flexible pricing and customizable features make it an ideal solution for businesses at any stage of growth
How does Rillion Pay handle international payments?
Rillion Pay facilitates international payments by supporting multiple currencies and offering competitive exchange rates. It ensures that businesses can easily send and receive payments globally without worrying about high fees or lengthy processing times.
What is Virtual Cards, ACH, Enhanced ACH, and eChecks?
Virtual Cards are digital substitutes for physical debit or credit cards, often used for secure, one-time transactions. ACH (Automated Clearing House) processes large volumes of transactions in batches, including payroll and bill payments, typically within 1-3 business days. Enhanced ACH offers additional features like faster processing and improved security. eChecks are digital versions of paper checks, utilizing the ACH network to transfer funds directly between bank accounts.
How hard is it to implement?
Seamlessly integrates with any Accounting or ERP system. Typically goes live within 6 weeks. No installation needed and does not require IT involvement.
What is the difference between Payments processing software and Payments as a Service?
Payments Processing Software
This refers to the application or software that enables businesses to process payment transactions. It can be a stand-alone platform or part of a larger suite of financial or business management tools. This software facilitates the secure transfer of payment information from the merchant to the acquiring bank or payment processor and then to the issuing bank (if using credit or debit cards).
Payment as a Service (PaaS)
PaaS is a model where businesses outsource their entire payment processing system to a third party. It encompasses not just the software, but also the hardware, maintenance, compliance, and security aspects of processing payments. It’s a more comprehensive solution that includes not only the technology but also the service aspect.
Get started!
Payments as a Service is available for the following products
Get started quickly
Rillion One
Automated handling of supplier invoices for small and medium-sized businesses looking to get started quickly.
- Invoice Capture (OCR)
- Invoice Approval Workflows
- AI Coding
- PO-Matching
- Payments as a Service
- Analytics and Reporting
- Advanced Search
- Fast Setup
- Documents & Contracts
- E-invoicing
- Seamless integration to ERP/accounting system
Scalable solution
Rillion Prime
Electronic invoice management and purchase-to-pay for larger organizations with high demands on automation.
- Invoice Capture (OCR)
- Invoice Approval Workflows
- AI Coding
- PO-Matching
- Recurring invoice automation
- Document Management
- Audit trail software
- Payments as a Service
- Analytics and Reporting
- Purchase to pay
- E-invoicing
- Seamless integration to ERP/accounting system
Rillion – AP automation for your peace of mind
Find out for yourself how we can make your job easier!
Want to try Rillion?
Schedule a free consultation so that we can understand your needs and provide you with the best solution.