Bottomline Technologies (NASDAQ: EPAY), a leading provider of cloud-based payment, invoice and banking solutions, today announced that its business-to-business settlement network, Paymode-X, has expanded payment capabilities to 23 currencies.
The Paymode-X network first increased its global reach with the launch of a travel commission payment offering. Today Paymode-X supports 23 currencies spanning more than 30 countries and is used by travel companies to send electronic commission payments and remittance detail to their agents around the globe.
“Paymode-X’s international EFT capabilities enable organizations to make cost-effective electronic payments to vendors in more countries without having to change global treasury relationships,” said Amy Hoke, Vice President of Paymode-X Product at Bottomline.
Eliminating paper payable processes presents significant opportunities for cost savings and allows organizations to reduce their environmental impact.