B2B Payments

Mastercard Links Virtual Cards Into Bottomline


B2B payments firm Bottomline Technologies has announced a new integration to support payments using Mastercard virtual card technology.

An announcement Tuesday (Oct. 18) said Bottomline is integrating Mastercard In Control for Commercial Payments into its payment platform Paymode-X.

“We’re proud to partner with one of the world’s leading payment networks,” said Bottonline Technologies President and CEO Rob Eberle in a statement. “The strategic alliance announced today provides new innovative capabilities to our Paymode-X membership, while moving us another meaningful step closer to our goal of being the way businesses pay and get paid.”

Paymode-X, launched in 2010, is a B2B payments network that includes the firm’s electronic invoicing service, helping businesses automate their accounts receivable and accounts payable processes. The platform is a network of partnerships with financial services players. Last year, Bottomline announced Fifth Third Bank as a new partner.

In its announcement, Bottomline said adding Mastercard’s virtual card tool into the mix “creates a simple, secure and seamless way for businesses to make and receive payments.”

Mastercard, meanwhile, has made its own moves to broaden its B2B payments reach. Last month, the credit card company announced a new mobile app in Hong Kong to support B2B trade and payments via the Mastercard Commercial Network App. The solution links with Mastercard Commercial Cards and supports supplier payments on the mobile platform.


Latest Insights: 

With an estimated 64 million connected cars on the road by year’s end, QSRs are scrambling to win consumer drive-time dollars via in-dash ordering capabilities, while automakers like Tesla are developing new retail-centric charging stations. The PYMNTS Commerce Connected Playbook explores how the connected car is putting $230 billion worth of connected car spend into overdrive.

Click to comment


To Top