Bottomline Technologies, a provider of cloud-based payment and digital banking solutions, has launched a mobile payment solution for the UK in partnership with Barclays.
The technology vendor said that the platform will allow organisations to send payments instantly to recipients using only a phone number.
The service can be accessed by individuals and smaller organisations registered to Barclays’ mobile payment service Pingit, or mobile payment service Paym that is supported by Barclays along with sixteen other banks and building societies.
Both Pingit and Paym already have over 3 million registered users.
Bottomline Technologies product marketing manager Richard Ransom said: "With the ability to make a single submission of bulk payments in near real-time without needing to capture customer bank details, we expect Bottomline’s Mobile Payments for Corporates module will appeal to a very wide-range of businesses. This fully automated solution can be especially attractive to businesses such as those in the utility and insurance sectors that still rely on high volumes of costly check generation.
"As well as offering a lower-cost alternative to existing payment processes, the convenience and immediacy of Pingit and Paym can significantly improve customer engagement and satisfaction levels for users."