Bottomline Technologies Acquires Business-to-Business Internet Bill Presentment Software From the Northern Trust Company.

PORTSMOUTH, N.H.--(BUSINESS WIRE)--July 13, 1999--

Bottomline Technologies(R) (NASDAQ:EPAY), a leading developer of Web-enabled payment and electronic commerce solutions, announced today that it has acquired NetTransact, an Internet/electronic bill presentment system from The Northern Trust Company. Along with the acquisition, the company announced a marketing agreement with Northern Trust, whereby Northern Trust will market the product to its corporate treasury management clients.

"The NetTransact product is specifically designed to accommodate the complexity and interactive requirements of business-to-business transactions," said Dan McGurl, President and CEO of Bottomline Technologies. "The acquisition of this software expands the offerings we can provide to our customers, and significantly accelerates our ability to address new market and customer opportunities."

NetTransact is a secure, interactive system that facilitates Web-based billing for business-to-business transactions. The software enables organizations to leverage electronic billing to build and maintain open, interactive relationships with their trading community.

"We remain very committed to NetTransact and will be working with Bottomline to ensure the continuing evolution of the product. We are excited about delivering this important capability to our clients," said Merlon Schuneman, Senior Vice President of The Northern Trust Company. "Bottomline Technologies is a leading Internet infrastructure company. Its experience in e-commerce and business-to-business financial transactions enables it to offer a very formidable value proposition to NetTransact customers."

About Northern Trust Corporation

The Northern Trust Company is the largest subsidiary of Northern Trust Corporation (NASDAQ:NTRS), a Chicago-based commercial bank holding company and one of the country's largest trust institutions. At the end of the second quarter March 31, 1999, total assets of the Corporation were $29 billion with $1.3 trillion in trust assets under administration. Northern Trust has earned distinction as a leading provider of treasury management services including leadership positions in receivables and payables management and electronic funds transfer services. Northern Trust can be found on the worldwide web at HTTP://www.northerntrust.com.

About Bottomline Technologies

Bottomline Technologies(R) (NASDAQ:EPAY) is a leading provider of Internet payment and electronic commerce solutions. The Company's PayBase(R) - Payment Server32 suite enables organizations to transition from traditional paper checks to electronic payments, to engage in electronic commerce, and to control all payment functions from a single platform. PayBase provides Internet capability in an NT, native 32-bit package. Bottomline's solutions are utilized by over 2,000 organizations representing every major industry sector, from education, government and healthcare to finance, manufacturing, and retail. The Company is a member of Microsoft Solution Provider, Independent Software Vendor (ISV) and Value Chain Initiative (VCI) programs, and also has partnership arrangements with key software vendors, including Oracle, SAP, PeopleSoft, Lawson, and J.D. Edwards. Founded in 1989, Bottomline maintains its headquarters in Portsmouth, NH and has satellite offices located in most major cities. For more information, dial [phone] or visit Bottomline on the web at www.bottomline.com.