CHERRY HILL, N.J., and
PORTSMOUTH, N.H., Sept. 18, 2018 /PRNewswire/ -- TD Bank,
America's Most Convenient Bank®, announced today that it
is collaborating with Bottomline Technologies (NASDAQ: EPAY), a
leading provider of financial technology that helps make business
payments simple, smart and secure, to offer Paymode-X with Visa
Payables Solutions to its U.S. business banking customers.
Paymode-X with Visa Payables Solutions delivers many benefits to TD
Bank's corporate and commercial clients, including maximizing
accounts payable (AP) payment automation, reducing costs and
providing financial returns in the form of rebates.
"TD Bank strives to provide our customers with the most
efficient payments solutions on the market to better integrate with
their systems and bring greater convenience," said Rick Burke, Head of Corporate Products and
Services, TD Bank. "Adding Paymode-X with Visa Payables Solutions
to our offerings not only brings a compelling economic model for
our customers, but expands TD's payment capabilities across two
sizable networks with proven success in vendor acceptance."
Bottomline's Paymode-X, integrated with Visa Payables Solutions,
provides business customers with streamlined integrated payables
capabilities. Unlike standalone card or ACH programs with disparate
implementations and payment files, Paymode-X with Visa Payables
Solutions uses a simpler approach that enables businesses to make
card, ACH and check payments to their vendors in a single process.
Paymode-X leverages Intelligent Payment Optimization to manage
payment preferences across its 385,000+ member businesses and
settle transactions using the most beneficial payment type for each
trading relationship. This maximizes automation and financial
returns across the Paymode-X network.
"TD Bank is known for offering innovative payments solutions to
its corporate customers," said Jessica
Moran, General Manager, Paymode-X Business Solutions at
Bottomline Technologies. "We're proud to work with TD Bank to help
deliver market-leading integrated payables capabilities to the
markets they serve."
Through Bottomline's Paymode-X with Visa Payables Solutions,
TD's commercial customers also will benefit from Bottomline's
proprietary Intelligent Engagement Model, which leverages
predictive analytics to help onboard vendors and realize AP
automation benefits more quickly.
"Paymode-X with Visa Payables Solutions will allow TD Bank to
provide additional capability to their clients' commercial and
virtual card payment programs, enabling them to take full advantage
of the benefits of electronic payments," said Taira Hall, vice
president, Visa Business Solutions, Visa.
About Bottomline Technologies
Bottomline Technologies (NASDAQ: EPAY) helps make complex business
payments simple, smart, and secure. Corporations and banks rely on
Bottomline for domestic and international payments, efficient cash
management, automated workflows for payment processing and bill
review, and state of the art fraud detection, behavioral analytics
and regulatory compliance solutions. Thousands of corporations
around the world benefit from Bottomline solutions. Headquartered
in Portsmouth, NH, Bottomline
delights customers through offices across the U.S., Europe, and Asia-Pacific. For more information visit
www.bottomline.com.
About TD Bank, America's Most Convenient
Bank®
TD Bank, America's Most Convenient Bank, is
one of the 10 largest banks in the U.S., providing more than 9
million customers with a full range of retail, small business and
commercial banking products and services at more than 1,200
convenient locations throughout the Northeast, Mid-Atlantic, Metro
D.C., the Carolinas and Florida.
In addition, TD Bank and its subsidiaries offer customized private
banking and wealth management services through TD
Wealth®, and vehicle financing and dealer commercial
services through TD Auto Finance. TD Bank is headquartered in
Cherry Hill, N.J. To learn more,
visit www.tdbank.com. Find TD Bank on Facebook at
www.facebook.com/TDBank and on Twitter at
www.twitter.com/TDBank_US.
TD Bank, America's Most Convenient Bank, is a member of TD Bank
Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services
company in North America. The
Toronto-Dominion Bank trades on the New
York and Toronto stock
exchanges under the ticker symbol "TD". To learn more, visit
www.td.com.
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SOURCE TD Bank