RealTime IT News

Bottomline Launches Internet Payment Solution

Bottomline Technologies recently launched PayBase--Secure WebPay Series, a new and highly versatile Internet payment solution.

It is designed to enable organizations to make both electronic and paper-based payments, deliver electronic remittance advices, and access transaction information in real time from a standard browser.

"WebPay offers our customers an easily deployable, secure means to improve their business processes by leveraging browser technology, e-mail, and the Internet," said Dan McGurl, president and co-founder of Bottomline Technologies. "The product's open architecture provides the flexibility to produce any payment--paper or electronic, payroll, vendor payments or claims--from anywhere in the world. Combined with the database, reporting and administration modules, this feature-rich package is a complete Internet payment solution."

With the feature called Electronic Payment Request, an organization can request e-payments over the Internet for reimbursing employees, making payments to vendors, or simply for the payroll. Each request goes to an authorized manager for review and approval. The software sends the approved request to the bank in National Automated Clearing House Association (NACHA) standard format. It then automatically updates the corporate accounting system.

For paper-based payments, Check Payment Request sends instructions to a laser printer for one-pass printing of the check on blank paper, including form, data, signature, logo, and bank information.

Bottomline Technologies has supplied solutions to over 2,000 organizations. It is best-known for its Windows NT package PayBase which allows companies to move from paper-based to electronic payments.