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Since 1989, Bottomline has been modernizing global business payments with connected solutions for more than 800,000 financial institutions and businesses in 92 countries.
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PORTSMOUTH, NH (October 24, 2023) – Bottomline, a global leader in business payments, today makes its B2B payment network available to approved financial institutions, fintechs and others looking to increase payment acceptance.
This is the first time Bottomline’s business payment network has opened access to its proprietary Premium ACH supplier network and is another milestone in the company’s mission to transform the way businesses pay and get paid.
Partners can connect to Bottomline’s growing 550,000+ authenticated and validated suppliers and provide payers with high-end, rebate-friendly ACH payments, complementing their existing virtual card program and providing a new revenue stream.
Offered as a network-as-a-service solution, this latest innovation from Bottomline enables financial institutions, fintechs and others to expand their payment networks, driving multiple benefits that further deliver accounts payable (AP) automation and effortless network expansion for their customers, the payers.
Payers can digitize more of their AP files, benefiting from increased automation, more rebates and better security, resulting in significant time savings, improved cashflow and a reduction in risk.
By receiving more payments digitally, suppliers on the network will experience less portal fatigue, lower payment acceptance costs and less risk.
“Bottomline’s Paymode-X is one of the largest and most established business payment networks, enabling billions of secure, compliant payments and delivering high value to its trading partner members for many years,” said Andrew Bartolini, Founder and Chief Research Officer, Ardent Partners, a leading ePayables research and advisory firm. “The decision to open the payment network to new partners creates a huge opportunity for financial institutions and technology providers alike to seamlessly deliver a market-leading payments solution and help their customers automate the last mile of their B2B transactions.”
“Opening the Bottomline business payment network recognizes the role we play in expanding a connected ecosystem,” said Craig Saks, President and CEO, Bottomline. “Transforming business payments means connecting banks and fintech partners across the system to expand the reach of their corporate payments and to offer their business customers more access to more suppliers without the additional investments required to achieve scale.”
Connection to the Bottomline Paymode-X business payment network is now available. To learn more visit https://www.bottomline.com/us/solutions/paymode-x/partner/network-as-service.
About Bottomline Bottomline helps businesses transform the way they pay and get paid. A global leader in business payments and cash management, Bottomline’s secure, comprehensive solutions modernize payments for businesses and financial institutions globally. With over 35 years of experience, moving more than $10 trillion in payments annually, Bottomline is committed to driving impactful results for customers by reimagining business payments and delivering solutions that add to the bottom line. Bottomline is a portfolio company of Thoma Bravo, one of the largest software private equity firms in the world, with more than $160 billion in assets under management. For more information visit www.bottomline.com. Bottomline, Paymode, and the Bottomline logo are trademarks or registered trademarks of Bottomline Technologies, Inc. Contact for Media Heather Pavliga Global Head, Brand & Communications Bottomline pr@bottomline.com
Bottomline helps businesses transform the way they pay and get paid. A global leader in business payments and cash management, Bottomline’s secure, comprehensive solutions modernize payments for businesses and financial institutions globally. With over 35 years of experience, moving more than $10 trillion in payments annually, Bottomline is committed to driving impactful results for customers by reimagining business payments and delivering solutions that add to the bottom line. Bottomline is a portfolio company of Thoma Bravo, one of the largest software private equity firms in the world, with more than $160 billion in assets under management. For more information visit www.bottomline.com.
Bottomline, Paymode, and the Bottomline logo are trademarks or registered trademarks of Bottomline Technologies, Inc.
Contact for Media Heather Pavliga Global Head, Brand & Communications Bottomline pr@bottomline.com
