Bottomline Technologies Adds Mastercard Virtual Card Capability to Paymode-X Network
PORTSMOUTH, N.H. – October 18, 2016 – Bottomline Technologies (NASDAQ: EPAY), a leading provider of financial technology which helps make complex business payments simple, smart, and secure, today announced an agreement to connect Mastercard In Control® for Commercial Payments technology with Bottomline’s Paymode-X®.
With this integration, Bottomline will create a universal business payment solution that allows customers to automate payments while increasing revenue opportunities, efficiencies and control.
“We’re proud to partner with one of the world’s leading payment networks,” said Rob Eberle, President and CEO at Bottomline Technologies. “The strategic alliance announced today provides new innovative capabilities to our Paymode-X membership while moving us another meaningful step closer to our goal of being the way businesses pay and get paid.”
Bottomline’s enhanced solutions drive maximum value for business payers and suppliers. Paymode-X is the only payments solution with a proprietary Intelligent Engagement ModelTM, applying predictive analytics to help suppliers onboard and realize benefits quickly. Bottomline’s onboarding method, combined with Mastercard’s virtual card technology, creates a simple, secure and seamless way for businesses to make and receive payments. More and more business customers are using Paymode-X to pay and get paid, with more than 330,000 business members and $182B in B2B payments processed in 2015.
About Bottomline Technologies:
Bottomline Technologies (NASDAQ: EPAY) helps make complex business payments simple, smart, and secure. Corporations and banks rely on Bottomline for domestic and international payments, efficient cash management, automated workflows for payment processing and bill review, and state of the art fraud detection, behavioral analytics and regulatory compliance solutions. Thousands of corporations around the world benefit from Bottomline solutions. Headquartered in Portsmouth, NH, Bottomline delights customers through offices across the U.S., Europe, and Asia-Pacific. For more information visit www.bottomline.com.
Director, Marketing Communications