24 August 2017
Visit http://response.ncr.com

NCR and Bottomline joins forces for Faster Payments

03 February 2017  |  4536 views  |  0 Source: NCR

NCR Corporation (NCR), a global leader in omni-channel solutions, today announced that Bottomline Technologies (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.”

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related company information

NCR

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.abe-eba.euvisit www.niceactimize.com

Top topics

Most viewed Most shared
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
23073 views comments | 48 tweets | 92 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
12224 views comments | 22 tweets | 35 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
11732 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
11449 views comments | 10 tweets | 8 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
11009 views 0 | 7 tweets | 1 linkedin

Featured job

Find your next job