PaymentWorks Launches Payee Profile to Make Vendor Identity Portable Across B2B Payments

PaymentWorks, a vendor identity platform for secure B2B payments, has introduced the Payee Profile, a standardized, reusable credential designed to help businesses manage the tax, banking, and compliance information necessary for payments. Many organizations still rely on customer-specific forms and fragmented workflows for vendor onboarding, which leads to high-friction processes and governance challenges for finance, procurement, and payments teams.

The Payee Profile aims to alleviate these issues by providing payees with a portable, authenticated profile that can be securely reused across different business relationships. This feature allows payers to create a trusted vendor record before sensitive identity, tax, and banking information is entered into ERP systems and payment workflows.

Thayer Stewart, CEO of PaymentWorks, stated, “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.” He emphasized that the company is building a trusted identity network connecting payers, payees, and financial institutions to make B2B commerce more intelligent.

This launch represents a significant advancement in PaymentWorks’ Vendor Identity Network, which has automated vendor onboarding for over 1.5 million credentialed businesses. With the Payee Profile, the company aims to transition from payer-specific onboarding to a more portable vendor identity infrastructure suited for modern B2B commerce. This approach helps organizations strengthen vendor governance, reduce manual exception handling, and maintain an audit-ready payments environment.

Taylor Nemeth, vice president of product at PaymentWorks, remarked, “AI-enabled procurement and autonomous workflows require a new approach to vendor identity,” highlighting that existing processes were designed for manual review rather than software agents executing transactions swiftly. The Payee Profile is intended to provide organizations with a trusted identity layer that mitigates risk and enhances the procure-to-pay lifecycle.

The Payee Profile is available immediately for PaymentWorks customers. For further information about the Payee Profile and PaymentWorks' vision for trusted B2B commerce, interested parties are encouraged to visit paymentworks.com.