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Bottomline Technologies to power payments for new digital bank Vive

Bottomline TechnologiesUS-based Bottomline Technologies announced on Wednesday that financial services company Vive has adopted real-time payment offering from Bottomline.

The new SAAS- based solution was launched in July in partnership with Starling Bank, and uses API-led technology, alongside Starling’s banking licence, to create a 24×7 direct connection to the Faster Payments Scheme (FPS).

“As a new player in financial services, we understand that outstanding customer service is key to our success,” said Nick Anthony, CEO at Vive. “When it comes to payments, it means we have to deliver a fast, secure, and trouble-free experience that customers have come to expect.”

“Together we have built a comprehensive solution, covering Faster Payments, Direct Debits and card payments,” said Anthony. “It’s allowed for seamless integration with our platform, giving us complete control of our cash flow in real-time.”

Bottomline’s Universal Aggregator model offers three different access solutions to the Faster Payments Scheme – Direct, Directly Connected Non-Settling Participant (DCNSP) and Indirect.

“As payments continue to evolve, our experience and investment in innovation allow us to offer clients flexible payment solutions and market-leading capabilities.” said Rob Eberle, CEO and President of Bottomline.
“With our open architecture and through collaborative partnerships such as the one with Starling Bank, we can deliver winning solutions to forward thinking organizations like Vive.”

Slated to launch in 2020, Vive will serve customers who currently find it difficult to access affordable credit.

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