ENTRIS BANKING Enhances Payment Connectivity With Bottomline

Rhea-AI Summary

Bottomline (NASDAQ: EPAY) has announced a partnership with ENTRIS BANKING AG, enhancing payment experiences for over 40 Swiss banks. The SaaS-based payment connectivity platform will facilitate both domestic and international payments, improving the onboarding process and back-office operations for ENTRIS BANKING.

CEO Juerg Gutzwiller emphasized that Bottomline’s technology is a significant step towards adapting to the evolving payments landscape in Switzerland, particularly with the impending introduction of instant payments.

Positive

• New partnership with ENTRIS BANKING AG strengthens Bottomline's market position.
• Implementation of SaaS-based platform enhances payment experiences and operational efficiency for ENTRIS BANKING.
• Partnership prepares ENTRIS BANKING for future challenges, including instant payments.

Negative

• None.

Putting customer experience and flexibility first for ENTRIS BANKING customers

GENEVA, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Bottomline (NASDAQ:EPAY), a leading provider of financial technology that makes complex business payments and financial messaging simple, smart and secure, today announced that ENTRIS BANKING AG, a new Swiss customer, has selected Bottomline’s SaaS-based payment connectivity platform to provide customers with an enhanced, more flexible domestic and international payment experience.

ENTRIS BANKING is a business process and technology outsourcing provider acting as a transaction bank and payment hub to a group of more than 40 small and mid-sized banks in Switzerland. To support and navigate its digital transformation journey, ENTRIS BANKING required a collaborative technology partner with a sophisticated understanding of the disruptive changes set to shape Swiss and International payments schemes.

Beyond domestic SIC/SECOM and cross-border SWIFT connectivity, the new SaaS-based platform will enrich the onboarding and user experience for ENTRIS BANKING’s customers, and improve its back-office operations. By updating its technology stack, ENTRIS BANKING will benefit from the centralised data intelligence and control, increased efficiency, and improved risk management that the solution offers.

“In light of the evolving payments industry in Switzerland, the switch to Bottomline’s SaaS-based payment connectivity platform will be an important step ahead,” said Juerg Gutzwiller, CEO, ENTRIS BANKING. “We selected Bottomline because of its modular technology, the comprehensive support and its international payment experience. This will allow ENTRIS BANKING to offer its customers an efficient and future-proof payment hub, which will be ready for the challenges ahead, such as the introduction of instant payments in Switzerland.”

“For us, it’s not only about collaborating with financial institutions to deliver technology and innovation that will meet their payment needs,” comments Daniel Bardini, Bottomline’s Managing Director of Financial Messaging, Switzerland. “It’s also about doing all we can to help simplify their processes, leaving them free to focus on running and growing their own business.”

About Bottomline
Bottomline (NASDAQ: EPAY) makes 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.

Media Contacts
John Stevens
pr@bottomline.com
001 (978) 914-0735

Jacqueline Powell
pr@bottomline.com
0044 789 4256448

FAQ

What is the recent partnership announcement involving EPAY?

Bottomline (EPAY) announced a partnership with ENTRIS BANKING AG, enhancing payment solutions for small and mid-sized banks in Switzerland.

How will Bottomline's platform benefit ENTRIS BANKING AG?

The SaaS-based platform will improve onboarding, enhance user experience, and optimize back-office operations.

What challenges does ENTRIS BANKING AG aim to address with this new technology?

They aim to prepare for evolving payment schemes in Switzerland, including the introduction of instant payments.

When was the partnership with ENTRIS BANKING AG announced?

The partnership was announced on January 18, 2022.