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
Ensure your vendor financial data is always secure
Business Email Compromise is a $55 billion scam, according to the FBI. Weak vendor data security exposes your organization to fraud and financial risk, and that risk is growing all the time.
Through our Paymode network, which securely processes over $450 billion in payments annually with no fraud, Bottomline holds vendor data securely to reduce that risk. As a result, you can make essential B2B payments with confidence, knowing they’ll be sent to authenticated vendors. Your supplier community benefits from a reduced risk of having their most critical data compromised.
By securing this data at every step. We collect bank account information and other key vendor data like W9 forms, tax identification number (TIN), credit and other financial checks, and compliance with existing “no pay” lists either directly from your system of record or from vendors enrolling in Paymode, and then we validate the data against over 300 data points.
This ensures that before you ever make a payment, we’ve confirmed the vendor is a legitimate business. Once we have the data, we protect it behind layers of multi-factor authentication, intelligent 24/7 risk analysis, and in-house expertise. Finally, we ensure compliance with security standards like SOC2 and NACHA, ensuring your data is audit ready.
We hold this data and take on the risk of protecting it, so you don’t have to.
Holding vendor data without the benefit of MFA and other key security layers exposes that data to theft and fraud. If a vendor is compromised, the secure, closed Paymode network can ensure a payment isn’t made to a bad actor. Payments automation providers who do not hold this data securely can expose your business to added risk, and you will suffer the negative consequences of that. Using Paymode, however: -
Prevents fraudulent vendors from changing bank accounts
Makes it more difficult for vendor impersonation to work
Helps with data hygiene and reporting
Ensures audit compliance by maintaining up-to-date records
Avoids ruined business relationships caused by fraud and lost data
In the context of Bottomline and business payments, vendor data management refers to the collection, holding, and securing of business information and financial data. That covers data for businesses receiving payments through Bottomline’s suite of solutions, including our secure Paymode network, which we manage on behalf of payer clients.
We hold the data because our closed Paymode network is more secure than in-house systems, and to reduce your business exposure to fraud risk and audit troubles. This also ensures we’re able to quickly process and send payments to vendors based on the most recent and accurate data available.
Yes. Bottomline has long referred to our valued customers as vendors, but the terms vendor and supplier are used interchangeably in this context.
Bottomline has made processing payments so much faster.
Paymode lowers our cost and time involved with paying vendors, eliminates our maintaining supplier bank account info, and removes the cost of lost checks. AP also earns rebates by paying digitally.
Paymode protects over $425 billion in B2B payments yearly with multi-layered security and fraud prevention. Join 550,000+ businesses protecting their payments.
Pay vendors through the largest B2B payments network to enhance working capital, prevent fraud, and reduce costs and processing time.
Make and receive secure digital payments conveniently through Paymode, the market leading B2B payments network trusted by over 550,000 verified businesses.
Start improving the speed, security, and revenue potential of your vendor payments now. Reach out today.
