Managing tax and child support payments is a complex task for businesses, involving numerous federal, state, and local authorities, each with unique formatting and routing requirements. For banks, consolidating and facilitating these payments efficiently and accurately is essential to support your business clients and help them make these critical payments on time.
Bottomline’s Tax and Child Support Data Service Solves This for Your Bank
We maintain a fully compliant, updated repository of tax and child support routing and formatting data so you don’t have to. Easily integrate the data into your existing digital banking platform or pair it with Bottomline’s ACH module for a seamless customer experience.
Our Service Provides Your Bank With
Improved Client Experiences
Make complex tax payments simple, accurate, and fast — directly from your bank’s front end.
Fewer Payment Errors
Eliminate the guesswork. Get validated TXP formatting and up-to-date routing for more than 3,500 tax types.
Reduced Operational Overhead
Free your internal teams from maintaining spreadsheets or chasing updates from taxing agencies.
Flexible Integration Options
Use as a standalone data feed with your existing front-end or leverage Bottomline’s ACH module.
While several providers offer tax payment solutions, Bottomline’s service stands out in the following key areas:
Customization and Flexibility:
Some companies only offer a one-size-fits-all front end with tax data built in, or only offer generic templates and require banks to manage their own updates. Whereas, Bottomline provides options that align with your bank’s specific requirements and branding.
Dedicated Support:
Benefit from specialized support tailored to banking institutions, ensuring that your unique challenges and compliance needs are addressed promptly and effectively.
Proactive Compliance Management:
Enables your bank to stay ahead of regulatory changes with proactive updates for your customers, reducing the risk of non-compliance and associated penalties.
