Bottomline: Acquires Bora Payment Systems
- Bottomline is a leading provider of financial technology that makes complex business payments simple, smart, and secure
- Announced that it completed the acquisition of Bora Payments Systems, enabling Paymode-X vendors to utilize STP
- The combination adds new bank channel relationships to Paymode-X and capabilities that improve the network’s virtual card program
- Most virtual card payments are delivered through encrypted email or via secure portal access
- This manual task can become expensive and burdensome as a vendor accepts higher volumes of virtual card payments
- Virtual card payments made via STP are processed directly to the vendor’s bank account while delivering rich remittance data
