Bottomline's cloud-based payment platform provides unrivaled global reach to an extensive range of payment infrastructures including SWIFT, SEPA, Bacs, CHAPS, Faster Payments, SIC4 and SECOM.
Cross Border Payments
This is why many financial institutions have decided to leverage the global SWIFT and Visa networks for cross-border payments.
With more than 660 banks signed-up to the SWIFT gpi service, with the capability to channel payments into over 1,300 country corridors and 150 currencies. Every day, banks send the equivalent of over $300 billion in value and 56% of SWIFT’s 17 million daily messages.
Whether our customers need help to launch Instant Payments, or want to update and optimise their existing real-time payments infrastructure or take advantage of our kick integration for SWIFT gpi or Visa B2B Connect, Bottomline is here to partner you to the strategy that best fits your financial institution.
It is important to recognize that it isn’t a case or either/or for Instant Payments and Cross Border Payments – each have their own use cases and benefits. Financial Institutions and Banks need to plan a strategy for both to truly remain competitive in today’s fast-evolving payments ecosystem.
Quick and cost-effective integration into the UK Faster Payments ecosystem
Simple interface via the API enables new financial products to be developed quickly and efficiently
Access to a range of future overlay services designed to keep you at the cutting edge of the industry
99.99% record of availability for its gateway services
90% of financial decision makers say they will be using real-time payments by 2020.DOWNLOAD THE 2020 REPORT Source: Payments Barometer 2019
Real-time payments: the need for speed
Introduced in response to the global financial crisis in 2008, the New Access Model was designed to remove barriers and create a level playing field for smaller/challenger financial institutions and PSP’s to connect to Faster Payments.
In this episode of the Payments Podcast, we’re talking to Julian Sawyer, former Chief Operating Officer at Starling Bank and Ed Adshead-Grant, General Manager for Payments at Bottomline about how and why the market and access model for real-time payments has evolved over the last 10 years.
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