Bottomline’s Real-Time Payments Drives Digital Engagement for Banks and Businesses
BOSTON, Oct. 21, 2019 (GLOBE NEWSWIRE) — Bottomline Technologies (NASDAQ:EPAY), a leading provider of financial technology that helps make business payments simple, smart and secure, today announced the expansion of its Digital Banking IQ™ suite with the launch of its Real-Time Payments module, utilizing the RTP® network from The Clearing House. Designed to speed up, streamline, simplify and enrich the business-to-business payments process, the new product capability enables a bank’s corporate customers to send and receive real-time payments, to request a payment, and to leverage complete and integrated information.
“Customer engagement is central to creating real, sustainable value in financial services. Real-Time Payments represents an important new means to that end. Smart banks are focusing more on the value of the end-to-end processes and experiences around payments, which we enable by delivering Real-Time Payments through Digital Banking IQ,” said Norm DeLuca, Managing Director, Banking Solutions, Bottomline Technologies. “This new product – with a focus on ‘conversational messaging’ – empowers banks to deepen customer engagement by offering the speed and certainty of faster payments, combined with richer transaction information and more frictionless business-to-business interactions, through their digital banking application.”“Many businesses are expressing frustration at the lack of messaging and clarity from their bank in enabling real-time payment capabilities,” said Erika Baumann, Analyst, Aite Group. “Banks that are not taking steps to offer real-time payments to their business clients are at risk of losing valuable revenue, specifically to competitor banks that are able to clearly articulate the value of real-time payments as part of an effective and efficient payments strategy.”“By providing real-time payments capabilities through Digital Banking IQ, we help banks expand their payment capabilities, strengthen their position with corporate customers, and build deeper, more insightful and engaged relationships,” said DeLuca.About Bottomline Technologies:
Bottomline Technologies (NASDAQ: EPAY) helps make complex business payments simple, smart, and secure. Corporations and banks rely on Bottomline for domestic and international payments, efficient cash management, automated workflows for payment processing and bill review, and state of the art fraud detection, behavioral analytics and regulatory compliance solutions. Thousands of corporations around the world benefit from Bottomline solutions. Headquartered in Portsmouth, NH, Bottomline delights customers through offices across the U.S., Europe, and Asia-Pacific. For more information visit www.bottomline.com.Media Contact:
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