Advanced B2B Invoicing and Payment Capabilities for Manufacturers and Distributors

Addresses complex requirements in B2B customer relationships

Sees 228% increase in payment dollar volume from manufacturers and distributors over the last 12 months

BURLINGTON, MA, JUNE 30, 2022Aliaswire, a provider of bill payment and credit solutions for businesses and banks, today announced the general availability of new invoicing and payment capabilities for manufacturers and distributors in its DirectBiller® platform. The advanced features address the unique requirements of business-to-business (B2B) customer relationships and transactions in manufacturing and distribution.

The announcement comes as Aliaswire builds on strong momentum in the segment. The company saw a 228% increase in dollar volume processed by manufacturers and distributors on its DirectBiller platform over the last 12 months.

The B2B ecosystem is trying to move away from paper-based processes and payment methods to digital workflows that speed the flow of funds between trading partners and enhance visibility into cash flow and partner payment status. But the shift has been slowed by the complexity of B2B customer relationships. There is typically a high degree of customization in product offerings and accompanying services, and pricing and payment terms can vary widely from one customer to another. Multi-page/item invoices, line-item disputes, credit memos, pre-set credit limits, and convenience payment fees are very common aspects that must be accounted for in the move to digital invoicing and payment.

Offered exclusively through bank partners, DirectBiller manages the entire end-to-end process from invoicing through payment reconciliation, integrating seamlessly with business ERP systems and their banks’ treasury management systems. The platform is able to pull, present and manage complex B2B invoice data from different sources, incorporating disputes, credit memos and daily net settlement of surcharge and convenience fees. DirectBiller also offers Request-for-Pay using the RTPÒ network to enable customers to manage their credit levels and assure the timely delivery of inventory and supply.

“Having your customer pay an invoice is one thing but reconciling that payment in a timely manner to reflect an accurate balance that takes into account things like credit memos, returns, and disputes, is entirely another,” said Jed Rice, CEO at Aliaswire. “DirectBiller helps manufacturers and distributors automate what is now a very messy and time-consuming process. As a result, they get paid faster, improve client satisfaction and reduce their cost of getting paid.”

Key features in DirectBiller for Manufacturing & Distribution

Bill Presentment

  • Full PDF presentment of complex and multi-page invoices
  • Custom field display and processing through the payment process such as customer IDs, product codes and PO numbers
  • Automated payment reminders

Bill Payment

  • Single payment transactions for multiple invoices
  • Easy application of credit memos against balance due
  • Individual invoice dispute
  • Multiple payment options (web, mobile, text, CSR, IVR)
  • One-time payment and auto pay

Flexible Card Processing and Fee Management

  • Patented technology streamlines daily net settlement of surcharges, convenience fees
  • Competitive “cost plus” interchange pricing, including Level 2/3 processing

Support for Multiple Divisions

  • Treat business units and product lines as separate entities; link each one to the corporate entity
  • Reporting at business unit/product level; consolidated at the corporate level
  • Each division can have:
    • Unique payment websites
    • Funds settled into unique deposit accounts
    • Separate tender type choices (ACH + Credit Card, ACH-only, Credit Card Only)
    • Separate payment fee rules (Credit Card + Fee and Free ACH)
    • Separate bill and reconciliation files
    • Controlled CSR access

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About Aliaswire, Inc.

Aliaswire is a fintech company based in Boston with a history of innovation in payments. The company supports leading financial institutions and merchant services providers with bill pay through DirectBiller® and small business credit solutions through PayVus®. For more information, visit https://www.aliaswire.com/.

Media Contact

Tim Walsh, for Aliaswire

timw@walshgroupmarketing.com

617.512.1641

New Multi-Payer Capability for Property Management

DirectBiller platform addresses unique billing and payment requirements of commercial and residential property managers

BURLINGTON, MA, JUNE 14, 2022Aliaswire, a provider of bill payment and credit solutions for businesses and banks, today announced the general availability of a new Multi-Payer capability in its DirectBiller platform for property management.

Offered exclusively through bank partners, DirectBiller equips property managers to offer custom-branded billing and payment experiences to their clients. The new Multi-Payer feature enables residents in the same household to log in separately to make payments against their shared account including rent, dues, service fees, security deposits and more. They can also see their payments posted in real-time. The new offering encourages on-time payments while also streamlining administrative tasks for property managers and their finance staff.

Covid drove a surge in demand for digital bill pay capabilities as paper-based methods created significant friction for both commercial and residential transactions, slowing payment cycles and creating unnecessary manual work. Tenants have been looking for convenient, contactless payment options, and property managers needed the ability to manage inbound payments remotely and to accelerate payment cycles.  

“The monthly bill pay experience is typically the most frequent touchpoint property managers have with their tenants,” said Jed Rice, CEO at Aliaswire. “Providing easier ways to pay rent and fees can make a big difference in tenant satisfaction and on-time payments. With DirectBiller, property managers can offer that modern convenience while also gaining much greater control of the payment, settlement and reconciliation process for each property.”

DirectBiller manages the entire end-to-end process from tenant invoicing through payment reconciliation integrating with property management firms’ ERP systems and their banks’ treasury management systems. It also offers tenants a variety of convenient modern payment methods including web, mobile, Text2Pay, CSR and IVR.  

In addition to the new Multi-Payer capability, other key features in DirectBiller for Property Management include:

  • Support for Multiple Properties – DirectBiller can support individual properties as separate entities and link each one to the corporate entity. Reporting can be viewed at the individual property level and consolidated at the corporate level. Each property can have:
    • Unique payment website
    • Funds settled into unique deposit accounts
    • Separate tender type choices (ACH + Card, ACH-only, Card Only)
    • Separate payment fee rules (Card + Fee and Free ACH)
    • Separate bill and reconciliation files
    • Controlled CSR access
  • Consolidated Payments on One Site – Property managers can have a single payment site for multiple properties.  This site provide one selection of tender types and fee rules, and property managers can receive one consolidated reconciliation file. DirectBiller can settle funds into multiple deposit accounts, selected by the tenant at time of payment. The payer chooses from a drop-down feature to indicate the property and type of payment (rent, dues, fees, etc.).
  • Payment Control – This feature ensures timely payments by controlling when payments can and can’t be made, simplifying monthly reconciliation efforts.

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About Aliaswire, Inc.

Aliaswire is a fintech company based in Boston with a history of innovation in payments. The company supports leading financial institutions and merchant services providers with bill pay through DirectBiller® and small business credit solutions through PayVus®. For more information, visit https://www.aliaswire.com/.

Media Contact

for Aliaswire

Tim Walsh

timw@walshgroupmarketing.com

617.512.1641

Aliaswire & Nacha: Media Release 2021

MEDIA RELEASE
FOR IMMEDIATE RELEASE
December 12, 2021

Aliaswire Joins Phixius, Nacha’s Peer-to-Peer Data Exchange Network

Blockchain-based platform enables secure exchange of pre-and post-payment information

BURLINGTON, MA, and HERNDON, VA, December 12, 2021Aliaswire, a provider of digital payment and credit solutions for businesses and financial institutions, and Nacha today announced that Aliaswire will join the Phixius Peer-to-Peer Network for the exchange of payment-related data.

Established and operated by Nacha, the Phixius Peer-to-Peer Network allows participants to instantaneously exchange and verify payment-related information to enable more efficient and secure electronic payments. Peers in the Phixius network receive several important benefits, including a single source for verification and exchange of payment-related data, improved automation, revenue potential, with enhanced risk management and regulatory compliance.

“Nacha welcomes Aliaswire’s participation in Phixius, an important and growing Peer-to-Peer network,” said George Throckmorton, Nacha managing director and executive director of Afinis Interoperability Standards. “Data verification of consumer and business account information is a priority for Aliaswire and other Phixius participants, and we look forward to more companies joining as they learn about the benefits of the Phixius Network.”

Aliaswire supports billers, financial institutions and small businesses, and their merchant service providers. Its DirectBiller digital bill pay platform equips banks to offer commercial clients modern, custom-branded billing and payment experiences to their customers. DirectBiller manages the end-to-end process from invoicing through payment reconciliation and integrates with banks’ treasury management systems and billers’ ERP systems. Aliaswire’s PayVus small business credit card issuing platform combines merchant acquiring and issuing to generate new revenues while opening up access to credit for small businesses.

“As a business that is focused on taking the friction out of everyday payment processes, we are very pleased to participate in Phixius,” said Jed Rice, CEO of Aliaswire. “The ability to embed this technology into DirectBiller to securely verify bank accounts enables Aliaswire to help our billers and bank channel partners achieve compliance with Nacha’s Web-Debit requirement. We also believe Phixius provides a foundation for future payment innovation, and we are excited to be part of that.”

To learn more about Phixius, go to Phixius.org.

About Nacha

Nacha governs the thriving ACH Network, the payment system that drives safe, smart, and fast Direct Deposits and Direct Payments with the capability to reach all U.S. bank and credit union accounts. Nearly 27 billion ACH Network payments were made in 2020, valued at close to $62 trillion. Through problem-solving and consensus-building among diverse payment industry stakeholders, Nacha advances innovation and interoperability in the payments system. Nacha develops rules and standards, provides industry solutions, and delivers education, accreditation, and advisory services.

About Aliaswire, Inc.

Aliaswire is a fintech company based in Boston with a history of innovation in payments. The company supports leading financial institutions and merchant services providers with bill pay through DirectBiller® and small business credit solutions through PayVus®. For more information, visit https://www.aliaswire.com/.
 
Media Contacts:

for Aliaswire
Tim Walsh
timw@walshgroupmarketing.com
617.512.1641
for Nacha
Dan Roth
droth@nacha.org
916.747.9592

MPC21 Aliaswire – MEDIA ADVISORY

BURLINGTON, MA, AUGUST 12, 2021Aliaswire, a provider of digital payment and credit solutions for businesses and financial institutions, will have two featured speakers at the MPC21 Digital Commerce Virtual Event taking place Aug. 17-19, 2021. President Scott Goldthwaite will deliver the keynote address on Wednesday, August 18 and CTO Nirmal Kumar will be part of a panel discussion on smarter payment experiences for banks the same day. 

 

Aliaswire is recognized as a long-time innovator in the payments space. The company offers DirectBiller®, a bill pay platform marketed exclusively through leading banks, allowing them to offer enterprise clients a white-label billing and payment solution that’s fully integrated with treasury management. It also provides PayVus®, a credit solution that provides small business owners with tools to improve cash flow and credit to reinvest in their business, without building more debt. 

 

Aliaswire is sponsoring the event’s Banking track and will be part of two featured sessions: 

 

KEYNOTE: HOW BANKS CREATE COMPETITIVE ADVANTAGE THROUGH FINTECH PARTNERSHIPS

Wed. August 18, 8:10 am CT

Scott Goldthwaite, President, Aliaswire

 

With limited technology engineering in-house and adhering to restrictive protocols, banks lack the ability to deliver high demand, payments features and functionality. By partnering with collaborative fintech companies, banks can grow existing commercial client relationships, deliver innovative solutions, and increase revenue from the growth in electronic payment processing. Attendees will learn about the transformational digitization of treasury services in an evolving payments landscape, strategic considerations to overcome the existing void in corporate banking technology and innovation; and what defines a successful partnership for capturing increased market share.

 

PANEL: WHY BANKS MUST EMBRACE A SMARTER BILL PAYMENT EXPERIENCE

Wed. Aug. 18th, 8:50 am CT

Moderator:  Seth Block, Executive Vice President, Thermo Credit

Panelists: Thomas Aronica, CEO, Biller Genie

Lanny Byers, Chief Revenue & Strategy Officer, Vouchr

Nirmal Kumar, CTO & Head of Product, Aliaswire

 

As the payment ecosystem evolves and becomes more complex, consumers are no longer able to manage all their bills in one single, comprehensive way. Forward-thinking financial institutions are solving this challenge by utilizing speed, choice, and intelligence to provide their customers with a more efficient way to manage and pay their bills. Panelists will discuss how this approach is fortifying the customer/FI relationship.

 

More information on MPC21 Digital Commerce is available at https://mobilepaymentconference.com/.

 

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About Aliaswire, Inc.
Aliaswire is an innovative fintech company based in Boston with a strong track record in delivering patented payments solutions. The company supports leading financial institutions and merchant services providers with turnkey payment and credit offerings built on highly flexible architecture that facilitates simple, rapid deployment. Aliaswire solutions are cloud-based and always-on, providing real-time activity within its PCI-compliant environment. For more information, visit https://www.aliaswire.com/.

 

Media contact:
Tim Walsh

for Aliaswire

timw@walshgroupmarketing.com

617.512.1641

Aliaswire Receives Visionary Award at MPC20

Chicago and Rohnert Park, Calif., Aug. 25, 2020 ‒ Aliaswire Inc., a leading payments technology innovator serving financial institutions, today received the prestigious 2020 MPC Visionary Award at the Mobile Payments Conference. Founded by The Green Sheet Inc. in 2019 to recognize payments leaders, the award recognizes innovators that disrupt the status quo.

“Aliaswire reflects the payments industry’s ability to remain relevant and vibrant by constantly refreshing and reinventing its service models,” said Kate Gillespie, CEO of The Green Sheet.

Marla Ellerman, executive director of the Mobile Payments Conference, agreed, stating, “Making card issuing available to the merchant acquiring channel was a bold and innovative step by Aliaswire that has delivered dividends to the entire payments value chain.”

“Thank you, Mobile Payments Conference and The Green Sheet for this very prestigious award,” Scott Goldthwaite, Aliaswire president, said. “I am honored to accept this award on behalf of the entire Aliaswire team, especially for our founder, Hoss Mohsenzadeh.”

Goldthwaite added that Mohsenzadeh, who recently passed away, instilled his relentless pursuit of innovation within the company; his heritage lives on in the lives and work of Aliaswire employees, partners and customers.

The MPC Visionary Award recognizes ingenuity in the financial technology industry that represents a leap forward or reimagination of the payments process. Winners are among the few that can be legitimately described as “game-changers.”

Recipients of the MPC Visionary Award are identified and nominated by The Green Sheet and the Mobile Payments Conference executive team led by Executive Director Marla Ellerman and the MPC Board of Advisors, which includes payments industry experts, analysts and journalists. Nomination and selection are based solely on their discretion.

Candidates are nominated based on one or more of the following criteria:

  • Focusing on future impact
  • Designing new technology
  • Disrupting accepted processes
  • Shrinking investment or costs
  • Accelerating time to market

About MPC Mobile & Digital Commerce Event:

MPC Mobile & Digital Commerce Event is the premier annual conference and exhibition on the future of alternative payments worldwide. MPC is known for bringing together thought leaders, innovators and decision-makers from financial, technology, government, retail, marketing, and mobile industries to discuss the evolution of the payments industry. Attendees benefit from access to the world’s foremost experts in emerging payments and commerce, blockchain and digital currencies, cybersecurity and consumer privacy, customer experience and loyalty, and customer engagement and marketing.

About MPC20:

MPC20, which marks the 10th year of the Mobile & Digital Commerce Event, is set for August 24-26, 2020, as a virtual conference. This year’s theme, “The Future of Mobile & Digital Commerce is Here,” will focus on the current and future applications of alternative payment technologies in established economies and emerging markets. For more information or to register, visit www.mobilepaymentconference.com

About The Green Sheet Inc.

The Green Sheet, established in 1983, is a payments industry trade publication and online resource that empowers and connects today’s payments professionals. Our suite of print and digital resources and trade publications has continuously evolved in response to the ever-changing payments industry. Throughout this journey, we have provided our readers with the requisite knowledge, talent and resources to grow, diversify and build profitable business relationships. For more information, visit www.greensheet.com

About Aliaswire Inc.

Aliaswire is a leading payments technology provider of highly advanced, secure and reliable transaction processing solutions. Aliaswire’s unparalleled intelligent processing platforms and intellectual property continuously evolve and scale to meet changing market demands across multiple verticals. An industry-recognized innovator, Aliaswire provides multi-tenant payment processing capabilities to the market through our growing network of channel partners and resellers. Aliaswire’s network includes leading financial institutions, Fortune 500 companies, and multiple payment networks. Core products include DirectBiller®, the industry’s first, fast onboarding channel-centric electronic bill present and payments (EBPP) platform in the US.; PayVus®, the only turnkey bill settlement to cards platform that enables ISOs and Acquirers to offer merchants a business credit card; Transcentive®, a tender-type steering and interchange management solution for merchants and PayVox®, a consumer bill payment platform for prepaid program managers and financial services providers. For more information, visit www.aliaswire.com

Aliaswire Appoints New CEO

Former PayPal executive Jed Rice takes reigns to help accelerate growth of payments innovation company

BURLINGTON, Mass., Feb. 4, 2020 /PRNewswire/ — Aliaswire, Inc., a leader in innovative cloud-based payments technology, announced today that Jed Rice has been named Chief Executive Officer and been appointed to its Board of Directors, effective January 20.

Rice joins the Aliaswire team as the company enters a new phase of growth and innovation. In the last year, the company added more partners and customers to its DirectBiller platform than in any other period in the company’s history. Additionally, the team launched PayVus, a first of its kind merchant acquiring and issuing platform that is transforming the small and medium size business credit market. The company continues to gain recognition as a technology leader and in 2019 won the National Automated Clearing House Association (NACHA) ACH Network Challenge and the Electronic Transaction Association (ETA) Innovation Award.

“Aliaswire is delivering great value and driving transformational change in the market with its compelling and innovative approaches to payments. The company is well-positioned for the next stage of strategic growth and I feel fortunate to join the team at this exciting time,” Rice said. “I look forward to working with not just the management team but all of my Aliaswire colleagues, our partners, and customers to help the company achieve its full potential of delivering truly innovative technology and services to market.”

Rice comes to Aliaswire with over two decades of senior leadership at fast-growing, innovative enterprise technology companies with an emphasis on cloud-based platforms and payments. He has extensive operational experience bringing new technologies and services to market across multiple functional areas – strategy, go-to-market planning, direct and channels sales, product development, corporate development, and marketing. Before joining Aliaswire, he spent nearly five years at PayPal where he led a global, cross-functional team delivering an innovative combination of digital payment and consumer engagement services to new vertical markets that quickly added nine figures of new transaction processing volume.

Rice joined PayPal as part of its acquisition of Paydiant, an early innovator in mobile payments, where he was part of the founding management team that led the company from start-up to successful exit. Before Paydiant he had key leadership roles at Skyhook Wireless, a groundbreaking location-based mobile engagement platform acquired by Liberty Media and edocs, the leader in e-billing and payment solutions which was acquired by Siebel/Oracle. Across Rice’s career, he has helped investors realize over half-a-billion dollars in enterprise value through successful liquidity events.

“Jed’s track record of helping to lead technology and payments companies from early market innovators through rapid growth and into market leaders make him a natural fit for Aliaswire,” said Scott Shaw, CEO of the Kessler Group and a member of the Board of Directors for Aliaswire. “He brings experience, leadership, and vision that will help accelerate our growth in the future.”

Rice joins an experienced management team that has been led by Scott Goldthwaite, President of Aliaswire, since the untimely passing of CEO and founder Hoss Mohsenzadeh in October 2018. Goldthwaite will continue in that role.

“It’s an exciting time for the company and Jed will bring tremendous value to the company. He will be instrumental in ensuring Aliaswire continues to gain recognition as a leading payments technology innovator as we deploy our technologies at significant scale,” Goldthwaite said.

About Aliaswire, Inc.
Aliaswire is a leading payments technology provider of highly advanced, secure and reliable transaction processing solutions. Aliaswire’s unparalleled intelligent processing platforms and intellectual property continuously evolve and scale to meet changing market demands across multiple verticals. An industry-recognized innovator, Aliaswire provides multi-tenant payment processing capabilities to the market through our growing network of channel partners and resellers. Aliaswire’s network includes leading financial institutions, Fortune 500 companies, and multiple payment networks. Core products include DirectBiller®, the industry’s first, fast onboarding, channel-centric, integrated receivable and bill pay platform in the US.; PayVus®, the only turnkey bill settlement to cards platform that enables ISOs and Acquirers to offer merchants a business credit card; Transcentive®, a tender-type steering and interchange management solution for merchants and PayVox®, a consumer bill payment platform for prepaid program managers and financial services providers.

SOURCE Aliaswire, Inc.