With Green Dot, Marqeta, Stripe, Hyperwallet, Fiserv, Push Payments and others all offering an API driven payment platforms, It is interesting to note that Bottomline Technologies, headquartered in the USA, has focused on delivering its API driven payment platform to the UK market:
“Bottomline Technologies (NASDAQ:EPAY), a leading provider of financial technology that makes business payments simple, smart and secure, today announced the release of enhanced application programming interfaces (APIs) for its PT-X payments platform. The PT-X payments and business solution suite is a cloud-based platform that is widely used by companies across the UK to operate their accounts payable, accounts receivable and payroll operations. PT-X enables banks and businesses to connect to various payment schemes in the UK such as Bacs Direct Credit, Direct Debit and Faster Payment Services.”
Perhaps the opening up of Europe’s baking industry under PSD2 has simply made the Fintech space there more compelling, but Mercator’s analysis suggests that the opportunities here in the US are also large and rapidly growing for solutions capable of addressing specific payment use cases such as 1099 disbursements to low and moderate income employees.
Overview by Tim Sloane, VP, Payments Innovation at Mercator Advisory Group
Read the quoted story here