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.
Securely and efficiently manage funds disbursements
For Businesses
Streamline the collection and management of single and recurring payments
Direct submission and processing of your UK bank payments for payables and receivables
Centralize and automate all your payment creation, controls, and submissions
Comprehensive connectivity to Swift and other domestic and global financial messaging networks
For Banks & Financial Institutions For Businesses
Convert legacy financial message formats to modern message standards
For Banks & Financial Institutions
Easily view analytics of financial messages with central repository
Reduce fraud and errors through digital account verification
Efficiently screen transactions to identify and manage sanctions risk
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
Who We Serve
Our Company
Bottomline's PTX offers a simple and secure solution to directly credit your customer while providing a better customer experience and a lower operational cost. It is perfect for refund payments, claims processing, promotional campaigns, or compensation payouts.
Bottomline provides a complete end-to-end payments process, from the distribution, capture, verification and validation of the claimant’s details through to the payment and payment confirmation to the claimant.
Not only does it help ensure that the payment can be made as quickly as possible, but it also avoids the need to store and manage the payee’s details on your own systems, helping you stay compliant with GDPR regulations.
Securely capture your customer’s bank details and automatically generate a payment to them. Eliminate the need for cash or cheques; instead, initiate a simple direct credit to your customer’s bank account.
Avoid the risks associated with manually obtaining sensitive payment data with traditional channels like paper, telephone, or email. Ensure secure handling of your data, maintaining GDPR compliance.
Leverage Confirmation of Payee (CoP), the name-checking service with over 99%* data coverage of UK bank accounts. Built into Payouts Automation, it gives you the assurance that your payment is going to the correct recipient.
*Payment Systems Regulator - CP22/3 Extending Confirmation of Payee coverage
Reduce the load on call centre staff with interactive, secure payment forms hosted by Bottomline.
Remove the need to manage PII such as sort codes, bank account numbers, and postal addresses.
Avoid the risk of unpaid funds or payment fraud by using bank account and payee verification.
Reduce the cost of processing by offering an alternative to cheques.
Use “Modulus checking” to avoid customers inputting wrong sort codes or account numbers.
Use a CSV download, callback, or API to automatically update your host systems. We’ll also send you daily bespoke reports on the status of your links.
Ensure trust with claimants with automated, fully branded email communications sent straight from your domain.
Enhance your payment strategy by identifying opportunities for growth, process and cost efficiencies and boosting customer satisfaction.
UK Law safeguards consumers’ rights when purchasing goods or services from you. Handling refunds and compensation can be costly and inefficient for the payer due to complexities. With high emotions and expectations from claimants, your reputation may be at risk.
Opt for payment via Bacs in up to 3 days or Faster Payments in less than 1 day to securely refund your customers promptly.
The biggest benefit from using Bottomline Payouts is that we get financial support to residents who need it most, in the shortest time possible. Alongside this, we have made significant time and resource savings. I cannot imagine how we would meet our payment commitments without Bottomline.
I would definitely recommend Bottomline to other companies looking for a proven refund solution. The support and guidance was first-class. The project was a genuine collaboration that brought different parts of the business together.
Whilst researching potential alternatives to printing cheques, I found the Bottomline solution. It ticked every box in terms of features that we needed. We could leverage existing approval and authorization workflows. This was a real time saver and accelerated change without compromising on security.
Confirmation of Payee is provided by Bottomline Payment Services Ltd (Registered in England no: 3986072), who are authorized by the Financial Conduct Authority under the Payment Services Regulations for the provision of payment services with FCA registration number 616279 and whose registered office is at 1600 Arlington Business Park, Theale, Reading, RG7 4SA.
Explore more Payments Automation ideas to help your business get paid.
Learn More
Speak to one of our experts today.
