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."
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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.
“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.