Bottomline Technologies has announced its partnership with Starling Bank with the launch of its Real Time Payments Express Service. This 24×7 service is designed to allow banks and corporates to send, receive and track payments in real-time to any UK bank account.
For many corporates and banks, becoming a direct member of the Faster Payments Scheme can be challenging. The implementation costs, payment expertise and restrictive timelines can extend projects into many months and leaves the ongoing compliance burden inside the organisation. To solve this, Bottomline’s Real Time Payments Express offering, powered by Starling’s Banking Services, will supply an API driven real-time payment and settlement service, which provides the entire core benefits of the historical access methods to Faster Payments.
The Real Time Payments Express Service is available 24×7, is a Software-as-a-Service (SaaS) solution and comes equipped with full tracking to allow customers to see exactly where their payments have been made and received in the network.
Bottomline already supports CHAPS, SWIFT, Bacs, Visa B2B Connect, Direct Access Faster Payments, Paym, CASS and various other payment rails through their Universal Aggregator, which will now offer the Real Time Payments Express Service.
Starling was the first challenger bank to be a direct member of the Faster Payments Service and the only banking provider of real-time access to Faster Payments through APIs in the transaction banking world. Starling’s Banking Services offering enables businesses – including payment service providers, retailers, corporations and fintechs – to develop and scale products and to move money in seconds.