Fifth Third Bank Extends Innovation With Paymode-X Partnership

Bottomline Technologies

, a leading provider of cloud-based payment, invoice and digital banking solutions, today announced a strategic relationship with Fifth Third Bank to provide innovative electronic payment capabilities to its customers. "Treasurers and CFOs are continually searching for innovative ways to automate their financial supply chain," says Jeff Siekman, Head of Payment Products at Fifth Third Bank. "Fifth Third Bank customers who currently use Bottomline's Paymode-X are more efficiently processing payments, while providing a better experience for their suppliers." Paymode-X facilitates the online exchange of electronic payments and remittance advices between payers and vendors – all in a user-friendly and intuitive format. Paymode-X is one of the world's largest business-to-business payment networks with more than 300,000 members. A growing number of companies use Paymode-X to migrate from paper to electronic payments. "Fifth Third Bank has a great reputation for staying on top of trends in payments, while delivering smart, customized solutions to meet the needs of their customers," said Rob Eberle, President and CEO of Bottomline Technologies. "We are excited that together with this solution, we can help Fifth Third Bank business customers achieve their payment automation goals."