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Montgomery General Hospital Expands Payments Fraud Detection Capabilities with Bottomline Solution

Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment, invoice and document automation solutions, today announced that Montgomery General Hospital (Olney, MD), a member of MedStar Health, has selected advanced functionality for payments processing from Bottomline to expand its payment fraud detection capabilities.

For organizations seeking to ensure the security of their payments, Bottomline’s modular payments automation platform enables customers to automatically transmit electronic files to a bank’s Positive Pay system denoting checks issued, as well as any voided and/or stopped items. Through this level of detail, users can more effectively manage the lifecycle of a payment, while allowing the bank to quickly isolate and evaluate questionable payments prior to authorization and issuance.

“Impacted by the demands of today’s regulatory environment, businesses must maintain tighter control over their financial transactions. One of the many benefits our platform provides is increased control for payment security,” said Chip Martin, Vice President of Bottomline Technologies. “We are pleased that Montgomery General Hospital has decided to expand its relationship with Bottomline through the use of these security capabilities, and we look forward to helping them achieve greater value from their payment processes.”

Bottomline’s payments platforms facilitate more secure, efficient and cost-effective enterprise payment processes. Optimized to meet the needs of mid- to large-sized corporations, these solutions offer flexible modules that can be implemented based on an enterprise's unique business objectives. Together these advanced applications provide a comprehensive and highly strategic solution for financial process management, offering the scalability and functionality required to accommodate future business needs.