Collect Invoices and Pay Vendors With Modern Treasury

Four steps. The seller issues an invoice and creates an expected payment for the amount, due date, and invoice ID. The buyer pays by bank: an ACH debit they authorize, or an RTP, FedNow, or wire they push to an account number tied to the invoice. The payment lands and matches the expected payment automatically, with partials and overpayments flagged for review. The seller’s platform then pays vendors or suppliers over ACH, RTP, FedNow, wire, or check, with remittance detail attached. Every step carries the invoice number, so both sides reconcile without a spreadsheet.

The buyer opens the invoice, chooses pay by bank, and either authorizes an ACH debit from their account or gets instructions to push an RTP, FedNow, or wire payment to an account number tied to the invoice. Either way the payment arrives with the invoice reference attached, so it matches on arrival.

Create an expected payment when the invoice is issued, with the amount, due date, and invoice ID. Incoming payments match automatically. Partial payments, overpayments, and a buyer who pays three invoices with one wire surface as exceptions for review instead of a month-end scramble.

Create a payment order to the vendor over ACH, same-day ACH, RTP, FedNow, or wire, or mail a check to vendors who still require one. Approval rules and limits run before release, and remittance detail travels with the payment so the vendor's receivables team can match it too.

Yes. Take a per-invoice or percentage fee at collection or at payout, attributed per transaction, so your revenue and the vendor's net amount come from the same record.

No. Use Our Bank Partners and launch in days, not months, with no bank onboarding required. If you already have a bank relationship you need to keep, Bring Your Own Bank runs on the same API.