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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
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 17, 2002
Words:198
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