Global Financial Services Community Increases Adoption of Bottomline’s Payments and Cash Management Solutions

publication date: Sep 16, 2008

Industry Expertise and Solution Functionality Enable Leading Financial Institutions to Capitalize on New Market Opportunities Worldwide

Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment, invoice and document automation solutions, today at Sibos 2008 announced growing momentum for its WebSeries® Global Cash Management Platform within the banking and financial services community worldwide with significant new customers and a strategic partnership.

Since Sibos 2007, many leading banks in Europe, Asia-Pacific and North America have chosen, or expanded their use of, Bottomline’s WebSeries platform for a variety of applications to enhance straight through processing (STP) capabilities and transaction reporting for international payments, foreign exchange and wire initiation. The company has further expanded its presence within the industry by serving as the principal technology partner for SWIFT’s new Alliance Lite connectivity option, which will provide secure, Web-based access to SWIFT’s financial messaging network worldwide.

“The momentum we’ve established within the global banking community is not only indicative of our breadth of functionality and industry knowledge but of our commitment to helping our clients and partners attain success,” said Michael Lane, Senior Vice President of Global Banking, Bottomline Technologies. “This combination of people, process and technology separates us in this marketplace as a partner to the world’s largest financial institutions and enables our customers and partners to bring to market the types of customer-facing products and services for payments and cash management their businesses require to address new market opportunities.”

Bottomline’s award-winning WebSeries Global Cash Management Platform provides the security, reliability and scalability required to address today’s transaction and information reporting challenges. Offering users a single platform for originating and managing transaction activity worldwide, the company’s modular solution leverages STP capabilities, including multi-currency and multi-language data integration, international payment standards, BIC and IBAN validation, and support for double-byte characters for clearing into Asia.