Visa B2B Connect Integration, available via Bottomline

What is Visa B2B Connect?

Visa B2B Connect is an innovative multilateral network that builds on Visa’s reputation and expertise, delivering B2B cross-border payments that are predictable, secure and cost-effective for financial institutions and their corporate clients.

Bottomline Technologies is a global provider of payments solutions. As part of the Visa – Bottomline partnership, we provide cloud-native, API-based implementation of Visa B2B Connect. It is completely integrated with your existing payments infrastructure and 100% interoperable with SWIFT flows. As such, we are uniquely placed to offer banks a seamless and elegant solution for all cross-border payment flows.

• runs alongside your Swift operations
• simple contracting options
• 3 months to go live

Benefits of Visa B2B Connect

Visa B2B Connect offers a unique opportunity for banks and their business customers to streamline operations, reduce costs and enable growth

Enhanced Customer Experience

Visa B2B Connect offers financial institutions the ability to deliver B2B cross-border payments with certainty and consistency, utilising innovative technology that offers a range of benefits:

• Finality – Visa B2B Connect delivers irrevocable payments in full value, every time
• Predictability – in knowing exactly when the funds will be delivered
• Transparency – when it comes to fees and foreign exchange rates

Reduced cost

Visa B2B Connect offers a more cost-effective cross-border payment process:

• A single connection to a global network with no intermediary fees
• Easy implementation and enhanced translation mean reduced upfront infrastructure investment
• Efficiently manage liquidity and reduce dependency on correspondent relationships, reducing operational overheads

Security and efficiency

Visa B2B Connect combines innovative technology with Visa’s 60+ year track record as a global payments leader:

• The network is made up of known participants screened by Visa B2B Connect for enhanced payment security
• Visa B2B Connect’s digital identity feature tokenises an organisation’s sensitive business information giving them a unique identifier
• Flexible deployment with easy onboarding and integration
• Straight-through-processing delivers a streamlined payment experience, helping to drive operational efficiencies
• Direct messaging within the network facilitates efficient case resolution

Innovation and optionality

The Visa B2B Connect network offers financial institutions the opportunity to provide value added services to attract and retain clients:

• FIs can choose to complement their other payment services with Visa B2B Connect
• FIs have the choice of using Visa or their own FX rates for foreign currency payments
• Visa’s unique technology offers significant benefit when compared to more traditional solutions