What We Do
Since 1989, Bottomline has been modernizing global business payments with connected solutions for more than 800,000 financial institutions and businesses in 92 countries.
Automate every step of your invoice-to-payment process
For Businesses
Digitize and automate AP processes with the most trusted solution for real estate
Centralize and automate all your payment creation, controls, and submissions
For Banks & Financial Institutions For Businesses
Make and receive secure digital payments conveniently through Paymode, the market leading B2B payments network trusted by over 550,000 member businesses.
Pay vendors through the largest B2B payments network to enhance working capital, prevent fraud, and reduce costs and processing time
Protect your business against fraud, get paid faster, and save time with enhanced remittance details
Boost revenue for your business and your customers with access to Paymode, our secure business payment network
Comprehensive connectivity to Swift and other domestic and global financial messaging networks
For Banks & Financial Institutions
Convert legacy financial message formats to modern message standards
Easily view analytics of financial messages with central repository
Stop payment fraud before it happens. Detect, investigate, and protect against internal and external threats
View, optimize, and forecast your cash position with all accounts connected in one solution
Own the primary customer relationship and grow business value across all business segments
Who We Serve
Join the many financial institutions and businesses that use Bottomline to pay and get paid. With solutions designed to modernize the payments landscape, we make complex business payments simple, smart, and secure.
Our Company
Paymode, Bottomline’s business payments network, securely processes over $450B annually. Paymode is a leading business payments network for all users, bringing benefits to both payers and suppliers.
Learn More
Over 550,000 verified businesses use Paymode to lower their cost of payment processing, reduce the risk of fraud, and deliver significant time savings for AP and AR functions.
Paymode, Bottomline's business payments network, provides tangible benefits for every business transaction.
Bottomline customers slash processing time by over 50% through digitizing payments, streamlining approvals, and automating receipt and reconciliation processes.
We validate and authenticate every business on the network using over 300 data points and ensure the same high-level security for payers and vendors, safeguarding against any unauthorized account or bank information changes.
Businesses using Bottomline can anticipate slashing payment costs by over 50% by eliminating expensive checks and cumbersome financial processes.
Paymode makes it effortless to quickly receive payments from my customers.
Paymode cut AR time from 2 hours to 20 minutes per day.
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Want to know your cost savings & net benefits?
Fill out a quick form to receive an all you need to know PDF.
Eliminate or automate every AP process you use today and you could realize these benefits:
Annual Net Benefit = Annual Rebates + Cost Savings - Recurring Fees
Adjust the calculator settings to see how much you could save by switching to Paymode.
Paymode is a business-to-business (B2B) payments network. Acquired by Bottomline in 2009 from Bank of America, today Paymode processes over $450 billion in B2B payments annually for over 550,000 businesses with no successful fraud attempts.
Simply put, Paymode is used by businesses who want to make and receive secure, electronic payments.
While we offer the same methods—ACH and virtual card among them—as traditional payment programs, Paymode’s advantage comes in added offerings. By automating payment processes in contrast to traditional in-house programs, offering rebates on both card and Premium ACH payments, and ensuring every payment is made through a closed, fraud-resistant network, Paymode streamlines, speeds, and secures payments in a way legacy programs can’t.
Simply put, we offer substantial benefits that in-house programs and other providers do not. These include:
Higher rebate potential owing to our Premium ACH offering
Better security from an authenticated, closely monitored network protected by multiple layers of security
Vendor enrollment, validation and management done for you, to save you time and frustration
Dedicated support teams for every payer and vendor using the network to help with business growth, questions, and concerns
Great question. By making payments through the network, you can save your AP team time and energy while reducing the risk of fraud. You can also expect rebates to help offset business expenses, and further reduced time spent working with vendors to enable your team to focus on big-picture priorities.
There are fees associated with using Paymode. From the payer perspective, there is a nominal per transaction fee assessed to payers when making payments to non-Premium vendors. Those vendors who use our accounts receivable tools to cut reconciliation time and gain greater AR efficiency pay a small per transaction fee on every Premium ACH payment they receive, a fee that does not exceed 1.5%. Vendors receiving virtual card payments pay the standard interchange fees associated with cards, with no added Paymode fees added on.
Once you’ve signed on to be a payer in our network, we’ll work with you to set up your own Paymode account(s), depending on your team needs.
For vendors, there’s an online enrollment process that’s quick, easy, and secure to join the network and set up an account.
Today, over 550,000 make payments and receive them via the network. Since Bottomline acquired the network from Bank of America in 2009, the number of businesses making use of our secure ACH and virtual card payments has grown by over 600%, and we pride ourselves on keeping the network fraud-free even as the network grows.
While there will be variations, generally we will analyze your vendor spend file and identify vendors who would be fits for Premium ACH and virtual card. On average, over 50% of your suppliers will already be receiving payments from other businesses throughout the network. We will then actively campaign to those vendors via letters of intent on your behalf, calls, and emails, and when they’re ready to enroll, have them do so securely through our online process.
As a last step, Bottomline authenticates the vendor using more than 300 data points, machine learning, and our in-house experts to ensure they are who they say they are. Once that’s complete, you’ll begin making payments without ever having needed to actively reach out to your vendor community.
It’s only natural to ask whether a network that processes your payments is secure and legitimate, and thankfully the answer is yes. Bottomline bought the Paymode network from Bank of America in 2009, meaning it was already an established way for businesses to exchange ACH payments, and the network has only expanded and added layers of security since then. That’s over 15 years of B2B payments experience for hundreds of thousands of businesses.
Reach out to us to learn more about how Paymode can improve your core processes and generate new opportunities.
