B2B payments firm Bottomline Technologies will now be working with a major brand in the corporate card space.
Reports Wednesday (Nov. 18) said Visa is linking up with cloud-based payments and finance management service Bottomline Technologies in an effort to enhance B2B payments automation capabilities.
Together, the companies are launching Paymode-X with Visa Payables. It’s a service that combines Bottomline’s B2B payments network Paymode-X with Visa’s commercial card program Visa Payables. The combined service means companies can ease onboarding friction to pay suppliers.
“The combination of Visa Payables and Paymode-X will bring corporate clients a seamless experience that simplifies payment automation and maximizes cost savings, efficiency and security,” said Visa Commercial Solutions SVP and global head Brian Triplett in a statement. “By integrating Visa’s digital payment capabilities with Paymode-X, Visa continues to enhance our suite of commercial solutions, empowering corporate buyers and suppliers to take advantage of the benefits of electronic payments.”
[bctt tweet=”Visa Payables and Paymode-X will bring corporate clients a seamless experience”]
Separately, Bottomline CEO and President Rob Eberle said the collaboration is part of the firm’s efforts to climb to the top of the B2B payments ladder.
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“Our aspiration is to be the way businesses pay and get paid,” he said. “The integration with Visa is a big step forward to achieving that vision.”
He added that merging the capabilities of Paymode-X with the corporate reach Visa already has will bring a more efficient service for businesses.
Last month Bottomline inked a partnership with Fifth Third Bank as part of its efforts to broaden its corporate e-payments reach.
