PaymentWorks, the vendor identity platform for secure B2B payments, has introduced Payee Profile, a standardized, reusable credential designed to help businesses manage the tax, banking and compliance information required to get paid.

For many organizations, vendor onboarding still relies on customer-specific forms, fragmented workflows and repeated verification of the same sensitive information. That often creates a high-friction process for suppliers and an ongoing governance challenge for finance, procurement and payments teams.

PaymentWorks said Payee Profile is intended to reduce that friction by giving payees a portable, authenticated profile that can be securely reused across business relationships. For payers, the feature is designed to help establish a trusted vendor record before sensitive identity, tax and banking data enters ERP systems and payment workflows, where errors or unauthorized changes can be costly to unwind.

“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.”

The launch represents the latest development in PaymentWorks’ Vendor Identity Network, which the company says pioneered automated vendor onboarding and now includes more than 1.5 million credentialed businesses. With Payee Profile, PaymentWorks is extending that network beyond payer-specific onboarding toward portable vendor identity infrastructure for modern B2B commerce, an area that has gained attention as companies look to reduce repeated collection of the same data across multiple counterparties.

The company said the approach can help 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 customers need to establish trusted business relationships.

“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.”

PaymentWorks said it 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.

Key capabilities of the PaymentWorks Payee Profile include:

• Guided workflows and visual progress tracking designed to reduce manual work
• Tokenized banking details intended to protect against unauthorized changes, fraud and business email compromise
• Offloading of fraud liability and potential qualification for more favorable insurance coverage
• Centralized management of W-9s, conflict-of-interest attestations and insurance certificates

“The traditional approach to vendor data management creates unnecessary friction for both organizations and their suppliers,” said Bryan DeGraw, associate principal and senior research director, Finance Solution Intelligence at The Hackett Group. “In our research, nearly two-thirds of organizations in a recent study said payment delays or manual exception handling are recurring consequences of vendor data issues. Improving vendor identity has become a critical component of building resilient finance operations.”