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.