Bottomline has expanded its payment network by acquiring the travel commission payments service of Bank of America, Global Commission Payments (GCP). Bottomline will serve these travel clients through Paymode-X® , the market-leading settlement network acquired from Bank of America in 2009.
More than two dozen major travel and hospitality companies and tens of thousands of travel agents around the world use the service for commission payment generation, remittance and reporting. These clients will soon upgrade to Paymode-X, the world's fastest-growing settlement network.
Paymode-X is an easy-to-implement, cost-effective B2B electronic payment solution delivered via Software-as-a-Service. Buyers and suppliers enroll in the network to make or receive payments from any other members.