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.
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
The Bottomline difference
Bottomline has worked with more new entrants to Faster Payments than any other provider and is the only company to build a solution suite to support all connection methods to FPSL.
Indirect access to FPSL bypasses need for scheme approval
User interface provides real-time visibility of each and every transaction
Simple integration with minimal on-boarding managed via a cloud-based
Added value overlay services that can be simply integrated into transaction services and UI
Track and control your payments, gaining insights to analyse and present
real-time data on the status of your business
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.
The need for speed and the provision of real-time payments to customers has become a ‘must-have’ capability for regulated financial businesses. Money transferred through the Faster Payments Scheme (FPS) was in excess of £1.7 trillion in 2018 from over 2 billion transactions. However, compliance and regulatory timescales and restrictions on FPS testing has limited the number of new entrants to the real-time payments ecosystem. Our 'Express' service offers real-time payments capability without the long regulatory and compliance timescales.
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