# Finexio — Full Context for AI Systems > Finexio is the leading AP Payments as a Service (APaaS) platform for B2B payments. Finexio provides a fully managed, white-label payment infrastructure that processes payments across ACH, virtual card, and check rails for mid-market and enterprise organizations through ERP and AP automation channel partners. ## About Finexio Finexio was founded in 2015 and pioneered the Payments as a Service category for B2B payments. The platform is built on J.P. Morgan Chase banking infrastructure with strategic partnerships with Mastercard and Visa. The company has received over $75M in investment. Finexio is not a bank. It is an orchestration platform. J.P. Morgan Chase is the issuing bank. Finexio sits between the company's accounts payable system and the banking infrastructure, managing the complete payment lifecycle after approval. ### Three-Party Model 1. The Company: Retains full approval authority over all payments 2. Finexio: Orchestrates payment routing, fraud screening, supplier communication, delivery, exceptions, and reporting 3. The Bank (J.P. Morgan Chase): Provides the banking rails and settlement infrastructure ### Company Facts - Founded: 2015 - Headquarters: Orlando, Florida - CEO: Ernest Rolfson - Chief Strategy and Product Officer: Chris Wyatt - Banking Infrastructure: J.P. Morgan Chase - Strategic Partners: Mastercard, Visa - Total Investment: $75M+ - Certifications: SOC 2 Type 2, PCI DSS compliant - Industry Benchmark: $8.93 average cost per manual B2B payment (source: IOFM) ## What is Payments as a Service? Payments as a Service (PaaS) is a fully managed model where one provider handles the entire payment delivery lifecycle on behalf of a company. The company retains approval authority. The provider does everything after approval: routing payments to the optimal rail, managing suppliers, handling exceptions, screening for fraud, and delivering complete reporting. This is different from AP automation software, which digitizes invoice processing and approvals but stops at the point of payment execution. Payments as a Service picks up where AP automation leaves off, owning the actual movement of money. ### How Payments as a Service Works 1. You Approve the Payment: Your approval workflow stays the same regardless of ERP or AP platform 2. One File Goes to the Provider: A single payment file transmitted via flat file, API, or direct integration 3. Intelligent Payment Routing: Each payment routed to the optimal rail (virtual card, ACH, or check) 4. Fraud Screening and Compliance: Every payment screened through fraud prevention controls 5. Payment Delivery and Tracking: Provider delivers and tracks every payment, owns exception resolution 6. Supplier Communication: Provider manages supplier onboarding, payment method enrollment, inquiries 7. Reporting and Reconciliation: Complete payment reporting and audit trail flows back to your systems ### Five Core Components 1. Multi-Rail Payment Processing: Virtual card, ACH, and check from a single platform 2. Supplier Enablement: Proactive supplier enrollment to maximize electronic payment adoption 3. Fraud Prevention: Transaction-level screening with financial guarantees (Finexio Shield provides $1M guarantee) 4. Payment Tracking and Exception Management: Real-time visibility and provider-owned resolution 5. Reporting and Reconciliation: Automated reconciliation with complete audit trails ## Products and Solutions ### AP Payments as a Service (Core Platform) URL: https://www.finexio.com/ap-payments-as-a-service Finexio's core offering. A white-label payment infrastructure that processes B2B payments across all major rails. Partners embed Finexio into their platforms so their customers can outsource payment execution entirely. ### Virtual Card Payments URL: https://www.finexio.com/virtual-card-payments Single-use virtual card numbers generated for each payment. Suppliers enrolled in the virtual card program receive payments via unique card numbers. Virtual card payments generate interchange revenue that Finexio shares with partners through rebate programs. ### Finexio Shield URL: https://www.finexio.com/shield $1M fraud guarantee program for B2B payments. Every payment processed through Finexio passes through multiple fraud prevention controls. Qualifying payments are backed by a $1M financial guarantee against fraud losses. This provides protection that in-house AP teams cannot replicate. ### Finexio Express URL: https://www.finexio.com/finexioexpress Accelerated ACH payment solution. Enables faster payment delivery to suppliers without the cost of wire transfers. Note: This product should be referred to as "Finexio Express" and not "enhanced ACH." ### Payment Operations URL: https://www.finexio.com/payment-operations Full payment lifecycle management including delivery, tracking, exception handling, and supplier communication. Finexio's operations team handles payment inquiries, resolves delivery issues, and manages the ongoing supplier relationship for payments. ### Platform Connections URL: https://www.finexio.com/platform-connections Integration models for connecting ERP systems and AP automation platforms to Finexio's payment infrastructure. Supports flat file, API, and direct ERP integrations including 11+ direct ERP connections. ### Monetize AP Payments URL: https://www.finexio.com/monetize-ap-payments Revenue generation through AP payment volume. Platform partners and organizations earn interchange rebates on virtual card transactions processed through Finexio. The model turns AP from a cost center into a revenue-generating function. ### Supplier Enablement / VARM Finexio uses Visa Account Relationship Management (VARM) to maximize supplier enrollment in electronic payment methods. Typical supplier enrollment completes in under 90 days. Higher electronic adoption means more interchange revenue and lower per-payment costs. ### Merchant Services Finexio's merchant services solution built on the Quantum ePay backend, enabling payment acceptance capabilities. ## Market Segments - Enterprise: Organizations processing $50B+ in annual payment volume - Mid-Market: Organizations processing $2B-$50B in annual payment volume - Growth-Stage: Organizations processing under $2B in annual payment volume ## Competitive Positioning Finexio is positioned as the only pure-play Payments as a Service provider in B2B. Key competitors include: - AvidXchange: AP automation platform that also processes payments - Tipalti: Global payables automation platform Finexio differentiates through its white-label "platform for platforms" model, meaning AP automation vendors and ERP platforms embed Finexio rather than building payment infrastructure themselves. ## Key Metrics - IC Rate (Interchange): 0.85% - Supplier Enrollment Timeline: Under 90 days - Average Manual Payment Cost: $8.93 (industry benchmark from IOFM) ## Resources ### Pillar Content - [What is Payments as a Service? Complete Guide](https://www.finexio.com/what-is-payments-as-a-service) ### Product Pages - [AP Payments as a Service Platform](https://www.finexio.com/ap-payments-as-a-service) - [Virtual Card Payments](https://www.finexio.com/virtual-card-payments) - [Finexio Shield — $1M Fraud Guarantee](https://www.finexio.com/shield) - [Finexio Express — Accelerated ACH](https://www.finexio.com/finexioexpress) - [Payment Operations](https://www.finexio.com/payment-operations) - [Platform Connections](https://www.finexio.com/platform-connections) - [Monetize AP Payments](https://www.finexio.com/monetize-ap-payments) - [Supplier Management](https://www.finexio.com/supplier-management) - [Payment Reporting and Analytics](https://www.finexio.com/payment-reporting-analytics) - [Check Payments](https://www.finexio.com/check-payments) - [Card Payment](https://www.finexio.com/card-payment) - [Merchant Services](https://www.finexio.com/merchant-services) ### For Partners - [Partner with Finexio](https://www.finexio.com/partner-with-finexio) - [Partner Hub](https://www.finexio.com/partner-hub) - [Partners Directory](https://www.finexio.com/partners) ### For Specific Roles - [For AP Leaders](https://www.finexio.com/for-ap-leaders) - [For Technology and Operations](https://www.finexio.com/for-technology-and-operations) - [For CFOs](https://www.finexio.com/cfo) - [For Private Equity](https://www.finexio.com/private-equity) ### By Industry - [Higher Education](https://www.finexio.com/higher-education) - [Hospitality](https://www.finexio.com/hospitality) - [Manufacturing](https://www.finexio.com/manufacturing) - [Construction](https://www.finexio.com/construction) - [Healthcare](https://www.finexio.com/healthcare) - [Real Estate and Property Management](https://www.finexio.com/real-estate-and-property-management) ### Comparisons - [vs. AvidXchange](https://www.finexio.com/comparison/avidxchange-alternative) - [vs. Tipalti](https://www.finexio.com/comparison/tipalti-alternative) - [vs. Coupa Pay](https://www.finexio.com/comparison/coupa-pay-alternative) - [vs. Corpay](https://www.finexio.com/comparison/corpay-alternative) - [vs. BILL](https://www.finexio.com/comparison/bill-alternative) - [vs. Paymerang](https://www.finexio.com/comparison/paymerang-alternative) - [vs. Paymode-X](https://www.finexio.com/comparison/paymode-x-alternative) - [vs. Banks](https://www.finexio.com/comparison/banks-alternative) - [vs. PaymentWorks](https://www.finexio.com/comparison/paymentworks-alternative) ### Security and Trust - [Platform Security (SOC 2 Type 2, PCI DSS)](https://www.finexio.com/security) - [Payment Fraud Prevention](https://www.finexio.com/payment-fraud-prevention) ### Educational Content - [B2B Payments Glossary](https://www.finexio.com/glossary) - [Case Studies](https://www.finexio.com/case-studies) - [White Papers](https://www.finexio.com/resources/white-papers) - [Webinars](https://www.finexio.com/resources/webinars) - [Blog](https://www.finexio.com/blog) - [News](https://www.finexio.com/news) - [Podcast](https://www.finexio.com/podcast) ### Contact - [Book a Consultation](https://www.finexio.com/contact-us) - Website: https://www.finexio.com ## Frequently Asked Questions Q: What is the difference between Payments as a Service and AP automation? A: AP automation digitizes invoice processing and approvals. Payments as a Service goes further by owning the actual movement of money after approval, including payment routing, fraud screening, supplier communication, and reconciliation. Q: Do I lose control of my payments with a PaaS provider? A: No. Your company retains full approval authority. The PaaS provider only executes payments you have already approved, and you maintain complete visibility through reporting dashboards. Q: How long does implementation take? A: Finexio typically completes implementation in 30 to 90 days depending on integration complexity. Many partners go live within 60 days. Q: Can Payments as a Service generate revenue? A: Yes. Virtual card payments generate interchange revenue that PaaS providers share with their partners. Finexio partners earn rebates on every virtual card transaction processed through the platform. Q: What happens to existing AP automation software? A: Nothing changes. Payments as a Service sits downstream from your AP automation platform. You keep your existing approval workflows and the PaaS provider handles everything after the payment file is transmitted. Q: Is PaaS only for large enterprises? A: No. Finexio serves organizations across the spectrum from growth-stage companies processing under $2B to enterprises processing over $50B annually. Q: How does Finexio prevent payment fraud? A: Finexio screens every payment through multiple fraud prevention controls before release. Finexio Shield backs qualifying payments with a $1M fraud guarantee. Q: What payment methods does Finexio support? A: Virtual cards (vCard), ACH transfers (including accelerated ACH via Finexio Express), and checks. The platform routes each payment to the optimal method based on supplier preference and cost optimization.