News

Bottomline launches payments solution Direct FPS Service

Wednesday 2 March 2016 13:02 CET | News

Bottomline Technologies, a provider of payment, invoice, and digital banking solutions, has launched the Direct FPS Service, a new Faster Payment gateway solution that lowers the barriers and costs to real-time payments for participants.

The Direct FPS Service is an addition to Bottomline’s existing suite of aggregated payments services providing access to Bacs, SWIFT, SEPA and a number of International clearing houses. Bottomline’s payments services aggregator is a choice for payment service providers (PSPs) looking to access multiple payment systems through a single solution.

The new Direct FPS Service is a compelling solution under the New Access Model, designed to allow easier entry for banking participants to Faster Payments. Bottomline Technologies delivers a real-time 24/7 Faster Payments access to customers, that lowers their participation costs and reduces the operational and compliance challenges often associated with building and running an always available mission-critical payment service.

Recent upgrades to the Faster Payment Service have broadened customer appeal in the corporate market. An increasing number of companies are streamlining their payment processes for a range of transaction types. This includes urgent but low-value payments, just-in-time supplier payments, direct remittances, refunds (thus replacing cheques), cash management payments, weekly payroll runs and staff expenses. 


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Keywords: Bottomline Technologies, e-invoicing, payments , cash management, banking
Categories: Banking & Fintech
Companies:
Countries: World
This article is part of category

Banking & Fintech