Latest news with #Bottomline
Yahoo
26-07-2025
- Business
- Yahoo
How to build a B2B payments behemoth
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Bottomline Technologies sells business payments and digital banking services to banks, which in turn use them to offer corporate customers non-branded technology for online banking and cash-management services. Bottomline says about one million companies use its platforms to make $16 trillion in annual payments, with customers including 90% of the Fortune 100 businesses. It also contends it's the world's third-largest Swift service bureau owing to a large cross-border payments business in Europe. In May, Bottomline introduced embedded access for banks to offer a proprietary payment network, Paymode, as part of their digital banking platforms. This network for large companies contains about 600,000 vendors for which Bottomline has verified the identity and bank account details of each. That information allows for any company to pay these vendors, regardless of the bank they use, and prevents fraud, CEO Craig Saks said, calling the 'closed loop environment' Bottomline's 'most interesting business.' Bottomline has 2,500 employees and dual headquarters in Portsmouth, New Hampshire and Theale, England, with its operations focused on North America, the United Kingdom and Europe. Saks, a former ACI Worldwide senior executive, joined Bottomline as chief executive officer in May 2022, when private equity firm Thoma Bravo closed on its $2.6 billion cash purchase of the company and took it private. Saks spoke with Payments Dive on July 23. Editor's note: This interview has been edited for clarity and brevity. There is a massive opportunity. The U.S. business payments volume in aggregate, is tens and tens and tens of trillions of dollars. No one has got a material share of that. We're pretty big and we still think we've got so much headroom to go. We are still growing incredibly fast, because there's this huge white space in the addressable market. The U.S. does need at least one or two large-scale business payment networks to emerge. It doesn't have a large scale, de facto standard for a business payment network like it has in the card brands or in the big merchant acquirers. There just isn't anyone who's got to that breakthrough scale. And I think that is necessary in the U.S., and it's inevitable. There are a lot of reasons why payment networks emerge at different speeds around the world. One is the level of regulatory push. The U.S. doesn't have a history or culture of decree: This is the new business-payment standard, and thou shalt all do it. Europe and the rest of the world tends to do that. The other thing that slows these things down a little bit in the U.S. is just the pure scale and complexity. Building payment networks takes a lot longer when there are thousands of banks than if there are dozens of banks. It takes a lot longer with millions of businesses. It obviously takes a lot longer when there are lots of states with different state regulations and so on. And so I think the scale and complexity of the U.S. just makes it take a little bit longer to gel together. I'd say it's inevitable for a few reasons. First of all, the efficiency that a scaled payment network brings to an economy is undeniable. When I look at where we play best, it's in the upper part of the mid-market enterprise and above, and typically in the larger bank ecosystem. And it's also not dependent on cards. It's dependent on any type of electronic payment. In that realm, relatively few (companies) play, and there are relatively few that have advanced as far as we have, but absolutely some of the names you threw out there. Fiserv and FIS, or the big card associations or some of the big ERP (enterprise resource planning) players, they all expressed interest at serving that community with different strategies...I think the U.S. is big enough for a small handful. I get asked this question a lot, and it's obviously speculative in terms of who would find us attractive and who wouldn't. Our company is fairly sizable and very rapidly growing and a very profitable company. And so it would absolutely need to be bought by a larger player. This is going to be a fairly significant acquisition for someone. I think the ideal player would be someone who is interested in an industrywide network and in network dynamics. They could be anyone who's got a payment network or a network of customers within the banking or commercial corporate space. I think it's unlikely that any one of the big (bank) participants in the network would want to buy it, because that would then turn you from being a 'member of the club' to a competitor in the club. And I think that that would actually probably not work for the other banks. It's not to say that it's impossible, and it's not to say that some wouldn't think about it, but I do think that it's more likely that it will be a third party that serves the banking industry and has the opportunity to bring more scale and more amplification to the industry level value proposition, because of the network dynamic that we have. Do I think that stablecoin could make inroads into Swift volumes or other cross border volumes? Absolutely, it's a better widget. And the reason I say it's a better widget is it's still just dollars at the end of the day, if it's backed by dollars, right? So it's got certain technological and security advantages and all the other good things about a modern technology. What people often forget is that payment types and methods are not just about the rail. It's about 10 million other things that happen in the institutions on each side and in all of their customers, and around security rules and protocols and around trust. Nothing's going to just walk in and say, 'I'm going to replace the trust for the Swift correspondent banking network.' And 'I'm going to just replace all the understanding of the 10,000 ways people have tried to steal money from Swift in the last five decades,' instantly. I've always seen that the evolution of payment types is actually a very long and drawn out journey. So do I think that it could end up being a dominant payment type? Absolutely. Do I think it'll take as long to get rid of everything else as it's taken us to get rid of checks? Most likely. Correction: This story has been updated to correct the current number of vendors within Bottomline's payment network. Recommended Reading Same-day ACH payments soar Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
21-07-2025
- Business
- Finextra
How ISO 20022 is Aiding a Frictionless Future
Attending EBAday 2025 in Paris, Vitus Rotzer, Chief Product Officer - Financial Messaging, Bottomline, took some time out to speak to FinextraTV about the state of the payment industry in 2025. Referring to ISO20022 as "the glue in the middle of everything", Rotzer describes an industry that is evolving, rather than just changing, with a focus on better compliance, reduction of friction, and a progression towards a cashless society. Rotzer also describes how, in finding an answer to their current challenges, customers are looking for a SaaS solution that allows them to manage multiple rails and fraud initiatives from a more holistic, interconnected position.
Malaysian Reserve
17-07-2025
- Business
- Malaysian Reserve
MHC Launches Payments Plus to Transform Accounts Payable into a Strategic Value Driver
MINNEAPOLIS, July 17, 2025 /PRNewswire/ — MHC, a leading provider of intelligent document and payment automation SaaS solutions, today announced the launch of MHC NorthStar Payments Plus, a powerful enhancement to its accounts payable (AP) platform. Now featuring Paymode®, Bottomline's trusted business payments network, embedded in the solution, it further empowers finance teams to streamline AP operations, reduce fraud risk, and unlock new revenue through rebate-eligible transactions. 'Our goal is to help finance teams do more than just manage payments—we want them to create value,' said Gina Armada, CEO of MHC. MHC's Payments Plus leverages a network of over 600,000 verified vendors, processing over $450 billion in annual transactions. This new solution offers unparalleled advantages for organizations looking to transform AP from a cost center into a profit driver. Key Benefits Advanced security: Multi-layered security – including multi-factor verification, OFAC screening, and continuous monitoring – delivers the highest level of payment protection. Rebate-Eligible Transactions: Premium ACH and virtual card payments generate monthly rebates, creating a consistent return on AP spend. Rapid Go-Live: Customers can deploy in as little as 30 days with minimal IT effort. Enhanced Data and Visibility: Rich remittance data simplifies reconciliation, improves cash flow insights, and cuts processing time by over 50%. Unified Workflow: Users can manage approvals, execution, and payment tracking within the unified MHC NorthStar platform – eliminating the need for multiple portals. 'MHC NorthStar Payments Plus helps organizations modernize their AP operations with functionality that is not only secure and efficient but also delivers real financial returns,' said Gina Armada, CEO of MHC. 'By partnering with Bottomline, the leading name in B2B payments, and embedding the Paymode network, MHC delivers a secure, intuitive way to further simplify AP processes and strengthen financial operations. It's a powerful combination when customers can do more with less – cutting costs while driving greater value.' 'We're proud to partner with MHC to bring the benefits of Paymode to a broader range of enterprise finance teams,' said Gunita Bindra, VP Partner Strategy and Sales at Bottomline. 'MHC's expertise in automation and workflow integration makes them an ideal partner to extend the reach and impact of the Paymode business payments network.' Purpose-Built for Enterprise-Scale APThe MHC NorthStar Payments Plus solution complements existing MHC invoice-to-pay functionality, offering unmatched flexibility to meet unique and evolving AP needs. Customers benefit from: Immediate access to an established vendor payment network Reduced reliance on costly manual processes New revenue streams through rebates and efficiency gains A more agile, competitive finance function About MHCMHC enables organizations to tackle digital transformation with speed and confidence, delivering solutions to automate the creation, capture, and distribution of documents and communications across core business processes. With a highly flexible, end-to-end intelligent document and payment automation platform, MHC enables business users to eliminate manual processes, enhance operational efficiency, and deepen critical stakeholder relationships, driving sustained growth and excellence. For more information, visit MHC ContactFor more information about MHC NorthStar Payments Plus, reach out to schedule a discussion. About BottomlineBottomline helps businesses transform the way they pay and get paid. A global leader in business payments and cash management, Bottomline's secure, comprehensive solutions modernize payments for businesses and financial institutions globally. With over 35 years of experience, moving more than $16 trillion in payments annually, Bottomline is committed to driving impactful results for customers by reimagining business payments and delivering solutions that add to the bottom line. Bottomline is a portfolio company of Thoma Bravo, one of the largest software private equity firms in the world, with more than $179 billion in assets under management. For more information visit Trademarks Bottomline, Paymode, and the Bottomline logo are trademarks or registered trademarks of Bottomline Technologies, Inc. All other trademarks, brand names or logos are the property of their respective owners.
Yahoo
17-07-2025
- Business
- Yahoo
MHC Launches Payments Plus to Transform Accounts Payable into a Strategic Value Driver
MINNEAPOLIS, July 17, 2025 /PRNewswire/ -- MHC, a leading provider of intelligent document and payment automation SaaS solutions, today announced the launch of MHC NorthStar Payments Plus, a powerful enhancement to its accounts payable (AP) platform. Now featuring Paymode®, Bottomline's trusted business payments network, embedded in the solution, it further empowers finance teams to streamline AP operations, reduce fraud risk, and unlock new revenue through rebate-eligible transactions. "Our goal is to help finance teams do more than just manage payments—we want them to create value," said Gina Armada, CEO of MHC. MHC's Payments Plus leverages a network of over 600,000 verified vendors, processing over $450 billion in annual transactions. This new solution offers unparalleled advantages for organizations looking to transform AP from a cost center into a profit driver. Key Benefits Advanced security: Multi-layered security - including multi-factor verification, OFAC screening, and continuous monitoring - delivers the highest level of payment protection. Rebate-Eligible Transactions: Premium ACH and virtual card payments generate monthly rebates, creating a consistent return on AP spend. Rapid Go-Live: Customers can deploy in as little as 30 days with minimal IT effort. Enhanced Data and Visibility: Rich remittance data simplifies reconciliation, improves cash flow insights, and cuts processing time by over 50%. Unified Workflow: Users can manage approvals, execution, and payment tracking within the unified MHC NorthStar platform - eliminating the need for multiple portals. "MHC NorthStar Payments Plus helps organizations modernize their AP operations with functionality that is not only secure and efficient but also delivers real financial returns," said Gina Armada, CEO of MHC. "By partnering with Bottomline, the leading name in B2B payments, and embedding the Paymode network, MHC delivers a secure, intuitive way to further simplify AP processes and strengthen financial operations. It's a powerful combination when customers can do more with less – cutting costs while driving greater value." "We're proud to partner with MHC to bring the benefits of Paymode to a broader range of enterprise finance teams," said Gunita Bindra, VP Partner Strategy and Sales at Bottomline. "MHC's expertise in automation and workflow integration makes them an ideal partner to extend the reach and impact of the Paymode business payments network." Purpose-Built for Enterprise-Scale APThe MHC NorthStar Payments Plus solution complements existing MHC invoice-to-pay functionality, offering unmatched flexibility to meet unique and evolving AP needs. Customers benefit from: Immediate access to an established vendor payment network Reduced reliance on costly manual processes New revenue streams through rebates and efficiency gains A more agile, competitive finance function About MHCMHC enables organizations to tackle digital transformation with speed and confidence, delivering solutions to automate the creation, capture, and distribution of documents and communications across core business processes. With a highly flexible, end-to-end intelligent document and payment automation platform, MHC enables business users to eliminate manual processes, enhance operational efficiency, and deepen critical stakeholder relationships, driving sustained growth and excellence. For more information, visit MHC ContactFor more information about MHC NorthStar Payments Plus, reach out to schedule a discussion. About BottomlineBottomline helps businesses transform the way they pay and get paid. A global leader in business payments and cash management, Bottomline's secure, comprehensive solutions modernize payments for businesses and financial institutions globally. With over 35 years of experience, moving more than $16 trillion in payments annually, Bottomline is committed to driving impactful results for customers by reimagining business payments and delivering solutions that add to the bottom line. Bottomline is a portfolio company of Thoma Bravo, one of the largest software private equity firms in the world, with more than $179 billion in assets under management. For more information visit Trademarks Bottomline, Paymode, and the Bottomline logo are trademarks or registered trademarks of Bottomline Technologies, Inc. All other trademarks, brand names or logos are the property of their respective owners. View original content to download multimedia: SOURCE MHC Software
Hindustan Times
10-06-2025
- Entertainment
- Hindustan Times
National Institute of Fashion Technology, Raebareli, students weave magic at Graduation Show in Lucknow
Students of Raebareili's National Institute of Fashion Technology (NIFT) created magic with their dazzling collection that was on display at their Graduation Show held in Lucknow. The event showcased out-of-the-box concepts and designs that were a part of the final projects of the students from five departments — Accessory Design, Fashion Communication, Leather Design, Fashion Design, and Fashion Management Studies. Each department curated its exhibition or show under a unique title, celebrating the distinct identity and talent of its graduating students. Institute director NS Bora said: 'Each department curated its exhibition or show under a unique title, celebrating its graduating students' distinct identity and talent. The shows were titled Design Showcase (Accessory Design), iDEAΩ (Fashion Communication), Fashnova (Fashion Design), Bottomline (Fashion Management Studies), and Lexotica (Leather Design). The show also commemorated 40 years of NIFT's creative journey across the nation.' The winners were recognised and awarded under categories such as Best Graduation Project and Most Commercially Viable Design Intervention Award. The felicitated students included Devina Vijayvargiya, Priyansha Goel, Aditi, Janhvi P, Jyoti Vaishnav, Yashika Arya, Mansi Garg, Puneet Kumar, Sakshi Gupta, Shaili Singh, Himanshu and Aanchal Pundhir. Another highlight of the event was an exhibition put up by the students. All winners were felicitated with merit certificates and trophies at the end of the event. Regional Provident Fund commissioner Ashwini Kumar Gupta was the chief guest. Other guests included NABARD general manager Nandini Ghosh, AIIMS Rae Bareili dean Prof Neeraj Kumari, Uttar Pradesh Institute of Design and Research chairperson Kshipra Shukla. The Fashion Communication department highlighted modern branding, digital media, social campaign design, and visual storytelling with compelling narratives on contemporary social issues, informed Prof Sachin Verma. The show also saw enthusiastic participation from industry professionals, alumni, and proud families.
