NACHA- the Electronic Payments Association – has selected Bottomline Technologies’s Paymode-X as a preferred partner to facilitate business-to-business (B2B) payments.
The companies designated as Preferred Partner work with NACHA to advocate for and educate users on technology and best practices in support of the ACH Network and ACH payments.
Paymode-X solution is a payment network that enables businesses easily transition from paper to electronic payments, maximising cost-savings, efficiency and security. It is a complete B2B payment solution, which provides integrated virtual card, ACH and cheque payment processing.
NACHA CEO Jane Larimer said: “We are pleased to introduce Bottomline Technologies as our newest Preferred Partner. The world of payments is evolving. Payments are moving faster and are increasingly electronic. However, B2B payments have not evolved at the same pace as other types of payments because they can be more complex.
“Through its business-targeted solutions, Bottomline Technologies is supporting the electronification of B2B payments — improving efficiencies, increasing savings and enhancing security. It is through solutions like Bottomline Technologies Paymode-X that B2B payments can begin to keep pace with the rapidly evolving payments landscape.”
NACHA, previously the National Automated Clearing House Association, manages the development, administration, and governance of the ACH Network, the backbone for the electronic movement of money and data in the US.