Brian Drozdowicz, manager of customer acquisition and growth solutions at Bottomline Technologies, explained to PaymentsSource that Bottomline quickly recognized that its core service of streamlining payments data between banks and corporations aligned with the SBA's PPP loan application process. To set itself apart from other companies also rushing to create streamlined application processes, Bottomline made its service free and accessible to banks of any size, and threw in a free risk-management and monitoring service for PPP loans.
PORTSMOUTH, NH - Bottomline Technologies (NASDAQ: EPAY), a leading provider of financial technology that makes complex business payments simple, smart and secure, today announced an initiative to help the nation’s banks provide assistance and relief to small businesses adversely affected by the COVID-19 pandemic. Bottomline will provide banks with a simplified SBA loan application platform to originate online loan applications under the “Paycheck Protection Program.” Bottomline is making this platform available to any bank at no cost.
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