US-based Fifth Third Bank has formed a strategic partnership with Bottomline Technologies, a provider of cloud-based payment, invoice and digital banking solutions, to offer electronic payment services to its business customers.
Under the collaboration, the bank’s customers will be able to use Bottomline’s B2B electronic payment network Paymode-X, which allows for the online exchange of electronic payments and remittance advices between payers and vendors.
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Fifth Third Bank head of payment products Jeff Siekman said: "Fifth Third Bank customers who currently use Bottomline’s Paymode-X are more efficiently processing payments, while providing a better experience for their suppliers."
Bottomline Technologies president and CEO Rob Eberle said: "We are excited that together with this solution, we can help Fifth Third Bank business customers achieve their payment automation goals."
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By GlobalData
