Bottomline Technologies’ Bacstel-IP electronic payments service, Winbacs-IP, has been chosen by the British Pipeline Agency. The British Pipeline Agency, a provider of technical and operational solutions for the onshore oil and gas pipeline markets, will use Winbacs-IP to meet the necessary migration requirements created by Bacs, while streamlining existing payment processes to generate long-term business benefits. Bottomline’s Bacstel-IP solutions provide payment capabilities to businesses of all sizes and have been approved by Bacs. “The Bacs migration deadline is clearly driving the evolution of electronic payments, and our success to date is a testament to our strategy to provide customers with a simple, efficient path to compliance,” said Peter Fortune, president of Bottomline Technologies Europe.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
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Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.