Compliance and regulatory timescales have limited the number of new entrants to the Real-Time Payments ecosystem in the UK. As an alternative Bottomline offers access to the Faster Payments Scheme, via API connectivity without the need for scheme approval. Domestic customers and those outside the UK will be able to extend their reach to their UK consumers with minimal cost using our 24/7 ‘Express’ service.
Businesses and banks rely on Bottomline for domestic and international payments, effective cash management tools, automated workflows for payment processing and bill review and state of the art fraud detection, behavioral analytics and regulatory compliance.
While consumer payments are ubiquitous and frictionless, business payments can still be obscure and counter-intuitive. The inherent complexities of larger transaction volumes, proliferated ledgers and regulatory oversight have held back B2B payments. But it doesn’t have to be that way. Bottomline exists to delight our customers, by overcoming friction and making the complex, simple.