Bottomline BACSTEL-IP Service Rapidly Adopted

Friday 29 October 2004 00:33 CET | News

Bottomline Technologies has now received over 1,300 orders for its new BACSTEL-IP subscription service and has further extended its position as the United Kingdoms market leader for payment solutions.

Bottomlines subscription service is new to the United Kingdom and allows small to medium-size companies pay for BACSTEL-IP on a monthly basis. It will encourage many new organizations to use BACSTEL-IP and help expand the market for direct-submitting BACS solutions. Bottomlines range of software approved by BACS and recommended by all the major UK Banks provides extensive payment capabilities for any size company using BACS. The companys unique range of software gives its customers the greatest choice of solutions from full feature enterprise payment platforms to low cost subscription services. With Bottomlines current market share and wide product offering for BACS users, the company is well-positioned to take advantage of the opportunity provided by the mandatory BACSTEL-IP migration. BACSTEL-IP is the UKs new technology platform which allows companies to send electronic payments directly to BACS and receive reports from the Internet Over 50,000 businesses who use BACS to make electronic payments must upgrade their BACS software by 31 December 2005.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce


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