Bottomline Technologies Exploring Possible Sale

Payment and bill administration platform Bottomline Technologies Inc. is wanting into a possible sale and is working with Deutsche Bank AG on its choices, folks with data of the state of affairs informed Bloomberg on Thursday (Dec. 9).

Bottomline has lately been courted by non-public fairness companies, the sources mentioned. The firm hasn’t made any monetary selections about its future and will nonetheless stay unbiased after exploring its choices.

Bottomline added three new board members in October as a part of an settlement with shareholders Clearfield Capital Management and Sachem Head Capital Management, and fashioned a committee to judge and make suggestions on its market place and technique.

Related information: Bottomline Snaps up Bora Payments to Drive STP for Paymode-X

In November, Bottomline closed a $15 million money deal to accumulate Bora Payment Systems, a part of the corporate’s transfer to make use of straight-through processing (STP) for improved effectivity when accepting digital playing cards for distributors utilizing Bottomline’s Paymode-X digital cost community.

Most digital card funds are manually processed and despatched throughout an encrypted electronic mail server or by accessing a safe portal. Virtual card funds processed utilizing STP are despatched to the seller’s checking account. STP additionally captures remittance information.

Since buying Bora, Bottomline has provided new financial institution channel relationships and capabilities to Paymode-X that may improve its digital card program.

Also see: Bottomline Unveils Bank Payments Tracking Service via Swift API

In August, Bottomline introduced a brand new utility programming interface (API)-based funds monitoring service that may combine SWIFT gpi information, which is captured on behalf of Bottomline shoppers and built-in into their funds workflow to simplify the API entry factors.

The service pairs Bottomline with SWIFT’s Platform Partnership Program, which allows third-party suppliers to supply API connectivity advantages to their banking clients.

In August, Bottomline debuted its Watchlist Screening program, which goals to restrict false positives. The software program could be built-in with different funds instruments and also can display screen transactions towards official sanction lists, that are printed by worldwide regulatory our bodies.



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