ADVISORY/ Bottomline Technologies Powers Citibank e-Billing; Cargo Network Service Corp. Selects Citibank as Its Provider of Electronic Invoice Presentment and Payment Services.Business/Technology Editors ADVISORY...for Wednesday Wednesday: see week. (April 17) --(BUSINESS WIRE) WHO: Bottomline Technologies(R)(Nasdaq:EPAY) is a leading global technology provider of Financial Resource Management (FRM) software and services. Bottomline's comprehensive suite of FRM offerings enables businesses and financial institutions to more effectively manage their critical financial transactions, cash decisions and trading partner relationships, leveraging the Web. WHAT: Citibank(R) e-Business, a unit of Citigroup, the preeminent global financial services company (NYSE: C), has announced that Cargo Network Services Corp. (CNSC), a subsidiary of International Air Transport Association (IATA), has selected Citibank as its provider of electronic invoice presentment and payment services. Citibank e-Billing B2B is powered by Bottomline Technologies. CNSC administers the U.S.-based Cargo Agency Program and Cargo Account Settlement System (CASS-USA) on behalf of participating airlines. The company processes more than $3 billion annually from cargo agents on behalf of airlines, providing centralized invoicing and dispute management services that support virtually the entire U.S. international air cargo industry. Through Citibank e-Billing B2B, CNSC will now be able to present invoices electronically, streamline the reconciliation process for billers and payers, and offer the ability to make secure Internet-based payments. WHERE: www.bottomline.com |
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