Eric Bayle, Head of the UK-based global transaction banking team for Société Générale, and Edward Ireland, Global Solution Lead for Bottomline Technologies, believe ISO 20022 and SWIFT gpi show that interoperability between cross-border payment schemes is not just desirable, but possible.
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.