Bottomline Announces Acquisition of Bora Payment Systems
PORTSMOUTH, N.H. , Nov. 09, 2021 (GLOBE NEWSWIRE) -- Bottomline (NASDAQ:EPAY), a leading provider of financial technology that makes complex business payments simple, smart and secure, today announced that it has completed the acquisition of Bora Payments Systems, enabling Paymode-X vendors to utilize straight through processing (STP) as a method of accepting virtual card payments. The combination adds new bank channel relationships to Paymode-X and capabilities that improve the network's virtual card program, an important revenue driver for Paymode-X. Today, most virtual card payments are delivered through encrypted email or via secure portal access. This manual task can become expensi
