Bottomline Technologies has updated its cloud-based aggregation platform, Universal Aggregator, strengthening its payments capabilities for banks, non-banks and payment service providers.
Bottomline Technologies’ Universal Aggregator service enables banks to comply with changing regulation, harness new processing avenues, remain competitive and grow their businesses.
The firm has also been formally recognised by the Bank of England as a faster payments aggregator.
The latest service to be integrated is a direct connection into the Bank of England’s real-time gross settlement system, CHAPS.
Gareth Priest, vice president of customer growth and development at Bottomline Technologies, said: “We strive to deliver innovation and customer choice in the world of payments and financial messaging. We are committed to integrating new settlement services as soon as they become available.”
He added: “With shifting payment paradigms at play, it’s all about open-API access, instant payment initiation and mitigating security risks. It’s great to see the momentum of aggregation technology building, where financial institutions of every size and across every region are able to better secure their position and become true payment enablers.”
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