PALO ALTO, CA — (Marketwired) — 08/01/13 — Bill.com, the leader in integrated bill payment, invoicing and cash flow management solutions for businesses, today announced that it is empowering banks to bring unprecedented security to their small and medium business customers via the smartest, least invasive authentication method on the market today.
Bill.com-s unique two-step method lets banks and small businesses protect themselves by offering a more secure, yet easier way of authenticating any sensitive changes to financial or payment information. As opposed to triggering authentication processes every time any kind of change is made, which can be disruptive to workflow, the constantly monitors all activity and prompts the user for second factor authentication when needed to manage risks.
“Unlike other basic -out of band- authentication on the market today, Bill.com-s process is smart and non-invasive,” said Shirley Inscoe, Senior Analyst, Aite Group. “This feature not only protects banks and their small business customers like never before, it also lets business go on without constant, unnecessary interruptions. The Bill.com Banking Platform is making it easier than ever for banks to better serve their small business customers and for small businesses to finally be able to embrace online banking with full confidence and few hassles.”
The Bill.com authentication feature is currently available for all banks and is already built into the Bill.com solution for small businesses and accountants. Bill.com is compatible with banks- authentication and single sign-on methods. Bill.com can also integrate this active monitoring tightly with existing authentication approaches in place at banks.
“There is nothing more important for both banks and small businesses than powerful security and tight, clearly defined financial controls,” said René Lacerte, founder and CEO, Bill.com. “We are pleased to bring banks the most sophisticated yet user-friendly authentication available via a solution that can be adjusted to meet their specific needs. With Bill.com, banks can offer small businesses one more reason to trust all of their business needs to their bank.”
is the only solution that makes banks the core of their customers- business. By allowing banks to integrate the Bill.com solution with their own platform, Bill.com empowers banks to own the entire process — from payables to receivables to cash flow visualization. Bill.com makes banks the focal point of all their customers- transactions, letting banks monetize the full cash management process while solving a significant pain point for SMBs by finally automating and connecting all of their financial processes. The award-winning Bill.com platform is being embraced by banks because it creates significant new revenue streams while enhancing customer loyalty and satisfaction. For more information, please visit .
Bill.com is the home of the fastest-growing business payments network in the nation, enabling 240,000 users to pay and get paid millions of bills worth billions of dollars. The Bill.com Business Payments Network brings small-to-medium businesses simple , , unlimited document storage, workflow collaboration, and the ability to access their back office from anywhere via any mobile device. Bill.com-s services easily sync to users- accounting software and online bank accounts to better control company financials while also guarding against errors and offering enterprise-class fraud protection that current methods cannot match. Bill.com serves customers through its direct, accountant and bank channels, bringing together people, systems and documents to redefine how business payments are made.
For more information, please contact:
Eileen Conway
Scout PR
650-245-9015
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