Bottomline Technologies' WebSeries 3.0 Automates Enterprise Payment Management to Improve Process Efficiency, Enhance Fraud Protection.Business Editors/High-Tech Writers PORTSMOUTH, N.H.--(BUSINESS WIRE)--Feb. 24, 2004 Web platform optimizes payment lifecycle management, lowers total cost of ownership, and automates payment status management, from check stop requests to escheatment Bottomline Technologies (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : EPAY), a leading global provider of software and services that enable organizations to better manage their financial transactions, today announced the availability of WebSeries(R) 3.0, the latest version of its payment lifecycle management software. WebSeries is a comprehensive, Web-enabled online payment and financial information management tool that uses client-defined business rules to ensure security and automate control of all payments. By utilizing one consolidated payment gateway, WebSeries alleviates the need for remote check issuing systems to enhance fraud protection and provide timely financial reporting. Vito Nigro, assistant treasurer, PMA PMA (papillary-marginal-attached), n a system of epidemiologic scoring of periodontal disease devised by Schour and Massler in which the symbols denote the areas involved in gingival inflammation. PMA Progressive muscular atrophy Insurance Group, said, "Bottomline's WebSeries 3.0 provides enterprise access to near real-time payment status information, which helps to streamline customer service and financial reporting functions. Its rules-based workflow reduces tedious and costly manual steps, and the transaction audit trail increases security and helps ensure accountability for all voided void·ed adj. Heraldry Having the central area cut out or left vacant, leaving an outline or narrow border: a voided lozenge. checks." Chip Martin, vice president of product management for Bottomline Technologies, said, "With annual check fraud approaching $14 billion and regulatory issues requiring more stringent risk assessments, organizations are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ways to enhance protection. This latest release, WebSeries 3.0, provides automation and consistency across the payment management cycle to improve security, process efficiency and transaction accuracy." Bottomline's WebSeries application includes a comprehensive set of global payment instruction types that support enterprise payment needs with central control and audit, from paper checks to electronic methods such as ACH (Automated Clearing House) A system of the U.S. Federal Reserve Bank that provides electronic funds transfer (EFT) between banks. It is used for all kinds of fund transfer transactions, including direct deposit of paychecks and monthly debits for routine payments to , WIRE, BACS BACS Bankers Automated Clearing System BACS Banks Automated Clearing System BACS British Association for Canadian Studies BACS British Association for Chemical Specialities BACS Bachelor of Arts Community Studies BACS Bachelor of Administrative and Commercial Studies and SWIFT message types. WebSeries 3.0 supports shared services shared services, n.pl the administrative, clinical, or other service functions that are common to two or more hospitals or their health care facilities and used jointly or cooperatively by them. environments while accommodating the unique operating needs of remote locations. Electronic workflow and exception management using client-defined business rules enables organizations to ensure the security and control of all payments, including accounts payable, payroll, travel and entertainment, insurance claims payments, dividends, refunds and the associated compliance documents. WebSeries 3.0 includes a new check management module featuring browser-requested stops, voids, re-issues, payment status and escheatment of paper payments. By consolidating all payment data in one system, WebSeries 3.0 alleviates the need for remote check issuing systems, to enhance fraud protection and provide timely financial reporting. WebSeries provides organizations with up-to-the-minute protection against inadvertent honoring of unsponsored checks by automating the delivery of stop and re-issue data to banks. Pricing and Availability WebSeries 3.0 is available immediately. Pricing for WebSeries 3.0 begins at $36,000 USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. , and is also available as a hosted, ASP-based licensing model. For more information on Bottomline Technologies products, contact the company at: (800) 472-1321, or via e-mail at: info@bottomline.com or on the Web at: www.bottomline.com. About Bottomline Technologies Bottomline Technologies (NASDAQ: EPAY) is a leading global technology provider of Financial Resource Management (FRM FRM From FRM Form FRM Fixed-Rate Mortgage FRM Financial Risk Manager (GARP) FRM Fondation pour la Recherche Médicale FRM Financial Resource Management FRM Final Rulemaking FRM Fiber-Reinforced Metal FRM Federal Reference Methods ) solutions. Bottomline's comprehensive set 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. FRM applications include Electronic Payments and Cash Management, Electronic Invoice Receipt and Management, Electronic Invoice Presentment presentment: see indictment. and Payment (EIPP EIPP Electronic Invoice Payment and Presentment EIPP Electronic Invoice Presentment and Payment ), Electronic Banking and Information Reporting. Founded in 1989, Bottomline maintains its corporate headquarters in Portsmouth, NH and international headquarters in Reading, England. For more information, visit Bottomline on the Web at www.bottomline.com, or dial (800) 243-2528 or (603) 436-0700. WebSeries is a registered trademark of Bottomline Technologies Inc. Cautionary Language This press release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties, including statements regarding expected benefits of use of the Company's products and future growth or results. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are competition, market demand, technological change, strategic relationships, recent acquisitions, international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. and general economic conditions. For additional discussion of factors that could impact Bottomline Technologies' financial results, refer to the Company's Form 10K filed September 2003, Form 10Q filed February 2004 and any recently filed Form 8K's. |
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