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The bank said it is integrating Paymode-X technology from Bottomline Technologies into its corporate banking offering. Together, the companies will link TD Bank business customers to Paymode-X with Visa Payables Solutions, a tool to streamline payables that supports card, ACH and check payments in the accounts payable (AP) department. The tool offers businesses greater flexibility in how they pay vendors and matches payment type to what suppliers need.

One of the many factors holding back corporate payments is the requirement to negotiate payment terms with disparate suppliers, a process that does not match easily with a scalable automated gateway. But it gets much easier if those suppliers have a common vendor relationship of their own. By using a network of vendors with existing payment and financial terms, TD Bank hopes to expedite the paper processing for supply chain transactions and treasury management. TD on Tuesday announced a collaboration with Bottomline Technologies to offer Paymode-X with Visa Payables.

TD Bank is announcing a FinTech collaboration to enhance its corporate payment offerings. The bank said it is integrating Paymode-X technology from Bottomline Technologies into its corporate banking offering. Together, the companies will link TD Bank business customers to Paymode-X with Visa Payables Solutions, a tool to streamline payables that supports card, ACH and check payments in the accounts payable (AP) department.

TD Bank has announced today that it is collaborating with Bottomline Technologies to offer Paymode-X with Visa Payables Solutions to its U.S. business banking customers.

Today is actually a big day for TD Bank customers, especially those who were looking for a little more mobile out of the bank. It recently teamed up with Bottomline Technologies to product Paymode-X, a system now available that’s going to mean a lot more in the way of options for its business customers. TD Bank dropped word our way about this, and there’s quite a bit to like in the early word about this new system.

When it comes to business payments you may be thinking: “As long as invoices are paid, does it really matter how it all happens?” It actually matters very much– not all business payments processes are created equal.

Like most technological advances, cloud computing got its start shrouded in a fog of misunderstanding and some well-deserved skepticism. Take for example a whitepaper from 2015 by EY Advisory called “Finance in the Cloud where it explains to its reader “A new era of cloud-based technology brings an unprecedented period of disruption and innovation. However, cloud technology is still immature and has many associated risks.”

The payments ecosystem in the US has become increasingly complex. Many business to business transactions are still made in cheques, while technological advances have led organisations to embrace new ways to make payments. The result – for all businesses – is the need to provide for a variety of payment methods.

In today’s world of business payments we’re starting to see a reflection of the same digital transformation that has impacted consumer payments. The industry is beginning to envision what business payments can — and should be — in a digital world; now it’s a matter of embracing the technology and processes necessary to make digital business payments a reality.

Nearly half of all businesses still continue to pay suppliers via check. That’s baffling when you consider that the average paper check transaction costs an AP department between $3-$6 (a cost that’s several times higher than other payment types) and that 75% of organizations report attempted or actual fraud via checks. Given the evidence that checks are not an optimal payment method, why do such old school methods persist?

If you think about how people used to rent a movie, call a cab or book a place to stay, disruptive companies have changed the way consumers hear about, choose and pay for products and services. Corporate payment professionals have become accustomed to fast, easy, frictionless digital experiences. They now demand more when it comes to the business payments they manage in their work lives.

When talking about trends in payments it's natural to look at the consumer landscape to search for clues about what could be next in the world of epayables innovation. For example, P2P payment apps like Zelle and Venmo have created a reality in which payments can be made effortlessly from wherever you are, with necessary remittance details all readily available.

It’s no secret that as the problem of payment fraud continues to get worse, organizations need to take fast — yet thoughtful — action to protect themselves from financial loss and reputational damage. But how bad has payment fraud gotten exactly and what are the trends regarding the specific issues and solutions? Strategic Treasurer’s fourth annual “Treasury Fraud & Controls Survey Report” details exactly that.

The road to payment automation hasn’t been an easy one, with many organizations still battling outdated payment processes and exposing themselves to unnecessary costs, inefficiencies, and payment-fraud risks. Some organizations are still working with manual, costly, and fraud-prone paper based accounts-payable processes, while others have started down the path of automation with a fragmented approach that uses a virtual card or automated...

“The next decade will be about systems of engagement.” Truer words were never spoken — and the reality of those words is reflected all around us as banks are waking up to the need to create digital experiences that provide value and drive customer growth.

The B2B space is ripe for transformation, where outdated payment processes mark accounts payable (AP), and where technology can make all the difference as corporates choose their banking partners to satisfy their payment needs.

Bottomline Technologies Managing Director Digital Banking, Norm DeLuca, quoted in Bank Innovation discussing the importance and growing trend of investing in technology, and how this drives more competition in the industry.

Bottomline Technologies Managing Director of Digital Banking, Norm DeLuca, quoted discussing the importance and growing trend of investing in technology and how this drives more competition in the industry

PORTSMOUTH, NH – Bottomline Technologies (NASDAQ:EPAY), a leading provider of financial technology that helps make business payments simple, smart and secure, today announced the release of the 2019 B2B Payments and Working Capital Management Strategies Survey in partnership with Strategic Treasurer. Among the key insights from the comprehensive study, survey results show that across the B2B payments landscape, partnering with fintechs will be the strategy of choice for a majority of banks and a growing number of corporates.

PORTSMOUTH, NH - Bottomline Technologies (NASDAQ:EPAY), a leading provider of financial technology that helps make business payments simple, smart and secure, today announced the 2019 Bottomline Technologies Think Green Award is awarded to Taubman Centers, Inc. (NYSE: TCO). The award recognizes businesses that use technology to drive environmentally friendly and sustainable business practices.