Bottomline Technologies Releases New, Improved Payments Application

The new CrossPay module from New Hampshire based Bottomline Technologies combines full international electronic payment functionality with an range of domestic capabilities to provide enhanced payment management. Bottomline's Vice President and General Manager, Banking and Financial Services North America, Craig

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The new CrossPay module from New Hampshire-based Bottomline Technologies combines full international electronic payment functionality with an range of domestic capabilities to provide enhanced payment management.

Bottomline’s Vice President and General Manager, Banking and Financial Services North America, Craig Jones, said, “Bottomline is an established leader in corporate payment software with 15 years of treasury management and electronic banking expertise. The CrossPay module leverages Bottomline’s ACH proficiency and experience serving thousands of international corporate clients, to offer commercial banks the most flexible and feature-rich ACH, check, and international payment solution available today.”

In designing the WebSeries CrossPay application, Bottomline incorporated solutions such as Fed Wire and International Real-time Gross Settlement (RTGS), Global Information Reporting, Check Management, and Cross-border payments. It is complemented by a real-time FX trading module.

WebSeries CrossPay also includes functionality such as the ability to create and individually title an unlimited number of custom payment applications. Automatic recurring payment generation, and e-mail alerts for exception conditions and status notifications are also included. The CrossPay solution integrates with check/international draft creation and distribution, international payments and MT101 generation, as well as full NACHA and addenda formatting validation. It also provides support for unattended, Web-based, secure host-to-host communication.

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