US Financial Giant BottomLine Technologies Testing RippleNet

Bottomline Technologies has announced that they are testing RippleNet for remittance services.  Bottomline Technologies is an innovator in business payment automation technology, eliminates that struggle by helping companies make complex business payments simple, smart and secure.

The proof of our success lies in the fact that Bottomline’s solutions are being used by thousands of companies in 92 countries to simplify and streamline payment processes, dramatically improve cash management and rapidly gain full control over payments. That’s billions of transactions processing trillions of dollars of payments every single year.

Corporations and Banks worldwide rely on Bottomline for domestic and international payments, efficient cash management, fraud detection, regulatory compliance and more.

Bottomline is working with Ripple to help design an efficient payments network that will provide blockchain-based payment services.  BottomLine current solutions are being used by THOUSANDS of companies in 92 counrtires around the world.  Bottomline is looking to improve the way money moves and they are trying to simplify what is currently a complicated process to move money crossborder.  BottomLine transacts trillions of dollar’s per year.  This can be a massive spot for Ripple to jump in and expand there growing network.

Citizens Bank whish is the 12 largest bank in the United States with over $131 billion in assets and 1,530 branches across just 13 states has been a BottomLine partner for some time. Craig McCarthy the VP of accounts payable at Citizens had this to say:

“Adding Paymode-X to our internal business payment mix allows us to offer multiple payment options to meet the diverse needs of our Vendors. In doing so, we also gained efficiencies within our AP processes and added a new revenue stream for Citizens.”

Bottomline currents list of partners include:

GPS – Global proeccesioing servocew

Carte Blanche Group

Parkinsons UK

Rotom

Quantum Advisory

Citizens Bank

ASSA Abloy

Shepherd Center

First Command

Deljis