Print Page   |   Contact Us   |   Your Cart   |   Sign In   |   Learn More
NAPCP Search
Commercial Card News Brought to You by the NAPCP: News - Industry

TD Bank Adopts Bottomline Technologies' Paymode-X with Visa Payables Solutions

Tuesday, September 25, 2018   (0 Comments)
Posted by: Heather MIller

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.

This press release has been modified to remove the About sections for Bottomline and TD Bank. More information can be found on their websites referenced above.

SOURCE TD Bank


Sign In


News
Event Calendar

4/15/2019 » 4/18/2019
2019 NAPCP Annual Commercial Card and Payment Conference - Miami

4/15/2019
2019 Full Day Pre-Conference Workshops: Travel Cards 101 and Pathway to an Effective P-Card Program

4/15/2019
2019 Pre-Conference Workshop: Travel Cards 101: Everything You Need to Know

4/15/2019
2019 Pre-Conference Workshop: Pathway to an Effective Purchasing Card Program for Beginners

Copyright © 1999 - 2018 NAPCP - Advancing Commercial Card & Payment Practices Worldwide
Certified Purchasing Card Professional Credential 
The next application due date is Feb. 28, 2019 to take the
exam at the 2019 NAPCP Annual Commercial Card and Payment Conference in Miami, on April 15, 2019.

Complimentary resource for all website visitors.
Executive Summary complimentary fo subscribers and members. Join today to access full report.
NAPCP's dedicated IP address for e-mail is 24.73.102.78. Please add this IP address, napcp@napcp.org and @ymem.net to approved/"safe sender" list to ensure you receive NAPCP news & event notifications. 
You MUST log in to your profile to choose your preferences: Unsubscribe | Choose Email Preferences | Request Removal