Starling Bank is partnering with Bottomline Technologies to support payments for business customers.

The UK challenger bank said the tie up would enable business to process payments 24/7 and in real time for domestic and international payments and access the US FinTech’s automated workflows for payment processing, bill reviews and compliance functions such as fraud detection, behavioural analytics and regulatory solutions.

Starling said the deal would supply an Application Programming Interface (API) driven real-time payment and settlement service, which provides the historical access methods to the Faster Payments scheme, which can be costly and time consuming to implement.

“Real-time payments are becoming the new norm around the world,” said Julian Sawyer, head of banking services at Starling Bank. “In the UK, where the Faster Payments Scheme has enjoyed over a decade of growth, we have the technology needed to allow more participants to gain the benefit of full access to 24/7 instant payments.”

Bottomline will now support the Real Time Payments Express Service in addition to CHAPS, SWIFT, Bacs, Visa B2B Connect, Direct Access Faster Payments, Paym, CASS, and various other payment rails through its Universal Aggregator.

Nigel Savory, managing director at Bottomline Technologies, added: “There is real transformation coming into the UK through the New Payments Architecture, Open Banking and PSD2, which gives rise for innovative partnership approaches.”

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