NCR brings intelligent transaction processing to Europe’s largest
24/7 real-time payments system
DULUTH, Ga. & GREAT NECK, N.Y.--(BUSINESS WIRE)--Feb. 3, 2017--
NCR
Corporation (NYSE: NCR), a global leader in omni-channel solutions,
today announced that Bottomline
Technologies (NASDAQ: EPAY) has integrated Authentic, NCR’s
intelligent transaction processing platform into its Direct Faster
Payment Service (FPS) solution. The technology enables UK-based
financial institutions to connect securely to the Faster
Payments network.
Prior to June 2016, any UK-based financial institution requiring access
to the Faster Payments network was unable to make the link directly and
was dependent on larger sponsor banks to provide indirect access. In
June, Bottomline Technologies’ highly regarded Universal Aggregator™
service became one of only five fintechs awarded the ‘trust mark’
certificate, required to provide direct technical access to Faster
Payments. This new service enhances choice and competitiveness for
smaller financial institutions, who had been previously disadvantaged
due to the fee structures and other barriers.
Bottomline Technologies decided to build its FPS using its own payment
technology linked to Authentic to implement a real-time, future-proof
solution that will be scalable as demand grows, complementing the
company’s growing range of services for SWIFT, Bacs, CHAPS, ebics, Paym,
CASS, cheques, Bank of England settlement services and more.
“We wanted a global solution that could provide seamless connectivity to
the Faster Payments network,” said Ed Adshead-Grant, General Manager,
Payments and Cash Management at Bottomline Technologies. “The team at
NCR showed real partnership in supporting our new designs, and with two
UK banks already in delivery we know we have a winning combination to
service the growing market of Faster Payments.”
Able to process 10,000 transactions per second from a full range of
payment sources, such as mobile and internet banking or ATM and POS
devices, Authentic enables customers to retain total control over their
payments environment.
“It has been a pleasure working in concert with Bottomline to help build
a system that quite simply delivers a better experience for smaller
financial institutions,” said Andy Brown, marketing director, payments
at NCR. “Flexibility and responsiveness, two key attributes found in
Authentic, are crucial to delivering solutions made for today’s
real-time payments world.”
About Bottomline
Bottomline Technologies (NASDAQ: EPAY) helps businesses pay and get
paid. We make complex business payments simple, secure and seamless.
Businesses and banks rely on Bottomline for domestic and international
payments, effective cash management tools, automated workflows for
payment processing and bill review and state of the art fraud detection,
behavioural analytics and regulatory compliance. Headquartered in
Portsmouth, New Hampshire, we delight our customers through offices
across the United States, Europe, and Asia-Pacific. Businesses around
the world depend on Bottomline solutions to help them pay and get paid,
including some of the world’s largest systemic banks, private and
publicly traded companies and Insurers.
Every day, we help our customers by making complex business payments
simple, secure and seamless. For more information, visit www.bottomline.com.
Bottomline Technologies and the Bottomline Technologies logo are
trademarks of Bottomline Technologies, Inc. which may be registered in
certain jurisdictions. All other brand/product names may be trademarks
of their respective owners.
About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in omni-channel solutions,
turning everyday interactions with businesses into exceptional
experiences. With its software, hardware, and portfolio of services, NCR
enables more than 550 million transactions daily across retail,
financial, travel, hospitality, telecom and technology, and small
business. NCR solutions run the everyday transactions that make your
life easier.
NCR is headquartered in Duluth, Georgia with over 30,000 employees and
does business in 180 countries. NCR is a trademark of NCR Corporation in
the United States and other countries.
Web sites: www.ncr.com
Twitter:
@NCRCorporation
Facebook:
www.facebook.com/ncrcorp
LinkedIn:
www.linkedin.com/company/ncr-corporation
YouTube:
www.youtube.com/user/ncrcorporation
View source version on businesswire.com: http://www.businesswire.com/news/home/20170203005028/en/
Source: NCR Corporation
NCR Public Relations
Aaron Gould, 212-589-8556
aaron.gould@ncr.com
or
Bottomine
Technologies
Henry Goodwin, 001-603-501-5311
henry.goodwin@bottomline.com