Bottomline Targets Check Fraud with Paymode Digital Banking Upgrade
Event summary
- Bottomline enhanced Paymode for Digital Banking to identify and convert check-heavy business payments to digital alternatives.
- The upgrade analyzes payment history to surface check usage and guide customers toward Premium ACH via the Paymode network.
- 26% of US B2B payments still rely on checks, with 63% of organizations experiencing check fraud in the past year (AFP 2025).
- Paymode network processes hundreds of billions in payments annually across 600,000 businesses.
The big picture
Bottomline’s upgrade reflects the broader push to modernize B2B payments, addressing persistent check fraud risks. The integration of fraud prevention into digital banking workflows aligns with industry trends favoring upstream fraud mitigation. With Thoma Bravo’s backing, Bottomline aims to scale Paymode’s reach, targeting the 26% of B2B payments still reliant on checks.
What we're watching
- Adoption Pace
- How quickly banks and SMBs transition from checks to digital payments through Paymode’s in-app enrollment.
- Fraud Reduction
- Whether the shift to Premium ACH meaningfully lowers fraud exposure for banks and corporates.
- Network Expansion
- The pace at which Paymode’s vendor network grows as more SMBs enroll via digital banking platforms.
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