Bora Payment Systems, Bottomline Technologies, CSI globalVCard, MineralTree and Priority Commercial Payments the first partners to obtain Visa Ready for Business Solutions approval

SAN FRANCISCO, 2017-Jun-15 — /EPR Retail News/ — Today (Jun. 13, 2017), Visa (NYSE:V) announced Visa Ready Program for Business Solutions, a strategic framework to help technology companies that integrate with Visa’s business-to-business (B2B) payment services and data solutions ensure that they meet Visa’s standards and are market ready. Bora Payment Systems, Bottomline Technologies, CSI globalVCard, MineralTree and Priority Commercial Payments are the first partners to obtain Visa Ready for Business Solutions approval, and to bring to market innovative Visa payments to financial institutions’ commercial customers.

Visa Ready for Business Solutions helps accelerate growth and enable new use cases in the B2B payments space. The program enables Visa’s technology partners to quickly integrate and approve an array of Visa B2B payments solutions, including enhanced data, virtual card integration, payables automation and payment controls. Upon successful completion of the approval process, partners may use Visa Ready mark in connection with the approved solution on their website and marketing collateral. They are also highlighted in Visa Ready Solution Directory.

“B2B payments innovation has been fueled by businesses always looking to simplify complexities and time spent associated with paying and getting paid, as well as expense reconciliation,” said Vicky Bindra, head, global products and solutions, Visa Inc. “With the introduction of the Visa Ready for Business Solutions program, we are coming together with our technology partners to help quickly and securely bring to life a variety of use cases to meet unique needs of financial institutions and their corporate businesses, large and small, and across different industries.”

Visa Ready for Business Solutions program participants have access to Visa’s tools and services, including Visa Developer Platform, to help support development of innovative commercial payment solutions. Unique Visa Ready use cases include:

  • Bora Payment Systems’ Buyer-Initiated Payments (BIP) architecture is integrated with Visa Supplier-Initiated Payment (SIP) APIs to help deliver faster, more automated and streamlined corporate payments
  • Bottomline Technologies’ payment network, Paymode-X is integrated with Visa’s commercial card solution, Visa Payables Solutions, to bring corporate clients a seamless experience that helps simplify payment automation and maximize cost savings, efficiency and security
  • CSI’s globalVCard paysystems® platform Visa API integration can enable Visa financial institutions to meet the rising demand for simple and secure electronic accounts payable solutions
  • MineralTree’s accounts payable and payment automation platform integration with Visa, using Visa APIs, helps middle market organizations drive more invoice payments to virtual cards
  • Priority Commercial Payments’ integration to Visa B2B APIs can help Visa financial institutions expand frictionless virtual card and straight-through-processing payments to drive more commercial card adoption and utilization in targeted verticals, such as construction, industrial manufacturing and retail

“The B2B payments industry landscape is relatively complex, replete with partnerships between multiple entities. Regardless of size, businesses do not typically understand how the pieces fit together or the potential benefits of integrated solutions,” said Steve Murphy, director, commercial and enterprise payments advisory service, Mercator Advisory Group. “The Visa Ready Program’s approach seems to be a logical method to enable transparency and security, while also providing businesses with the practical benefit of faster value recognition through streamlined implementation.”

The Visa Ready Program provides structure and clarity to allow partners to quickly introduce devices, software, and solutions that can initiate or accept Visa payments. In addition to Business Solutions, Visa offers Visa Ready Programs for mobile point-of-sale (mPoS), Internet of Things (IoT), and cloud-based payments providers. Last week, Visa also announced more than a dozen new Visa Ready token service partners to drive acceleration into consumer IoT payments.

About Visa

Visa Inc. (NYSE:V) is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead with prepaid or pay later with credit products. For more information, visit usa.visa.com/about-visa, visacorporate.tumblr.com and @VisaNews.

Contact:
Aida Hadzibegovic
415-805-4242
ahadzibe@visa.com

Source: Visa Inc.

Bottomline Technologies integrates Authentic, NCR’s intelligent transaction processing platform into its Direct Faster Payment Service solution

NCR brings intelligent transaction processing to Europe’s largest 24/7 real-time payments system

DULUTH, Ga., and GREAT NECK, NY, 2017-Feb-07 — /EPR Retail News/ — NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today (February 3, 2017) announced that Bottomline Technologies (NASDAQ:EPAY) has integrated Authentic, NCR’s intelligent transaction processing platform into its Direct Faster Payment Service (FPS) solution. The technology enables UK-based financial institutions to connect securely to the Faster Payments network.

Prior to June 2016, any UK-based financial institution requiring access to the Faster Payments network was unable to make the link directly and was dependent on larger sponsor banks to provide indirect access. In June, Bottomline Technologies’ highly regarded Universal Aggregator™ service became one of only five fintechs awarded the ‘trust mark’ certificate, required to provide direct technical access to Faster Payments. This new service enhances choice and competitiveness for smaller financial institutions, who had been previously disadvantaged due to the fee structures and other barriers.

Bottomline Technologies decided to build its FPS using its own payment technology linked to Authentic to implement a real-time, future-proof solution that will be scalable as demand grows, complementing the company’s growing range of services for SWIFT, Bacs, CHAPS, ebics, Paym, CASS, cheques, Bank of England settlement services and more.

“We wanted a global solution that could provide seamless connectivity to the Faster Payments network,” said Ed Adshead-Grant, General Manager, Payments and Cash Management at Bottomline Technologies. “The team at NCR showed real partnership in supporting our new designs, and with two UK banks already in delivery we know we have a winning combination to service the growing market of Faster Payments.”

Able to process ten thousand transactions per second from a full range of payment sources, such as mobile and internet banking or ATM and POS devices, Authentic enables customers to retain total control over their payments environment.

“It has been a pleasure working in concert with Bottomline to help build a system that quite simply delivers a better experience for smaller financial institutions,” said Andy Brown, marketing director, payments at NCR. “Flexibility and responsiveness, two key attributes found in Authentic, are crucial to delivering solutions made for today’s real-time payments world.”

About Bottomline
Bottomline Technologies (NASDAQ: EPAY) helps businesses pay and get paid. We make complex business payments simple, secure and seamless. Businesses and banks rely on Bottomline for domestic and international payments, effective cash management tools, automated workflows for payment processing and bill review and state of the art fraud detection, behavioural analytics and regulatory compliance. Headquartered in Portsmouth, New Hampshire, we delight our customers through offices across the United States, Europe, and Asia-Pacific. Businesses around the world depend on Bottomline solutions to help them pay and get paid, including some of the world’s largest systemic banks, private and publicly traded companies and Insurers.

Every day, we help our customers by making complex business payments simple, secure and seamless. For more information, visit www.bottomline.com.

Bottomline Technologies and the Bottomline Technologies logo are trademarks of Bottomline Technologies, Inc. which may be registered in certain jurisdictions. All other brand/product names may be trademarks of their respective owners.

About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables more than 550 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.

NCR is headquartered in Duluth, Georgia with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.

Web sites: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation

Bottomine Technologies Contact for Media:
Henry Goodwin
(001) 603.501.5311
henry.goodwin@bottomline.com

Media Contact:
Aaron Gould
NCR Public Relations
212.589.8556
aaron.gould@ncr.com

Source: NCR Corporation