Bottomline Technologies Announces Princeton eCom Corporation to License Internet Invoice Presentment and Payment Offering.

PORTSMOUTH, N.H.--(BUSINESS WIRE)--Nov. 30, 1999--

Princeton eCom to co-market NetTransact and deliver secure web hosting 

services to Bottomline's Pilot Biller Sites

Bottomline Technologies(R) (NASDAQ:EPAY), the premier provider of Web-enabled billing, payment, and cash management solutions, today announced Princeton eCom Corporation has licensed Bottomline's NetTransact hosting software. Princeton will deliver web-hosting services to Bottomline's pilot NetTransact billers. With Princeton eCom's hosting services, NetTransact provides a fully outsourced Internet invoice presentment and payment model.

NetTransact is a unique electronic bill presentment and payment (EBPP) product designed specifically for the business-to-business (B2B) market. It accommodates the complex bill / invoice information, interactive adjustment process, and delivers integration not provided by consumer based EBPP offerings to the B2B market. NetTransact extends the value, and protects the significant investment enterprises have made in ERP systems by providing a web centric, collaborative, real time connection between the biller and payer. An evolution of EDI to an Internet-based commerce model, NetTransact affords the removal of invoice and payment processing cost, while improving cash flow and investment for both parties - the biller and the payer. NetTransact supports an open data interchange environment, making it available to any enterprise, while simultaneously supporting industry payment standards and formats.

Princeton eCom will work with Bottomline Technologies to co-market NetTransact to the company's growing customer base of over 250 major billers. Bottomline Technologies' customers seeking an outsourced model will be able to do so through Princeton eCom. In addition, Princeton eCom will now be able to offer its new customers a complete business-to-business ebilling solution. Princeton eCom's expanded hosting facilities will deliver seamless, 24X7 web access to major corporate billers, their vendors and their financial institutions.

"Princeton eCom offers the ability to provide constant connectivity, superior flexibility, security and integration in an outsourced NetTransact model," remarked Dan McGurl, president and CEO of Bottomline Technologies. "NetTransact's web-based invoice and payment technology, when combined with Princeton eCom's capabilities, enables enterprises and their trading partners to present, adjust and pay invoices electronically with a PC and access to the Internet. With no additional equipment or software required, the benefit of electronic commerce is available today at a greatly reduced cost compared to the original EDI (electronic data interchange) environment. Our ability to offer an option of bill presentment and payment supported by Princeton eCom provides a distinct advantage, and we feel it will be received enthusiastically by the billing community."

"Bottomline Technologies' decision to partner with Princeton eCom is based on our ability to provide the most comprehensive, customized Web hosting to serve both the business and consumer markets," said Ron Averett, president and chief operating officer at Princeton eCom. "The NetTransact offering represents an exciting opportunity for all our customers, both billers and banks, expanding our core services to include business-to-business capabilities. With the Internet expanding as a preferred electronic commerce platform, our choice to partner with Bottomline Technologies positions us as a leading provider of electronic billing and payment solutions. We are now uniquely positioned as the only application service provider with a complete electronic bill presentment and payment solution for both the business-to-business and business-to-consumer markets."

Bottomline will offer NetTransact in three business models: bank-hosted, corporate-hosted and third party-hosted. General availability of the product is scheduled for early 2000.

About Princeton eCom Corporation

Princeton eCom is an innovator and technical leader in electronic bill presentment and payment, by Internet and telephone. It was the first company to present an e-bill on the Internet and continues to set the pace for EBPP today. The Company offers customized solutions to businesses for the total management of the billing process - expediting payment, minimizing billing costs and integrating with existing financial accounting systems. Committed to increasing adoption of electronic home banking, the company is a champion of open standards for the electronic presentment and payment industry. Using OFX technology, Princeton eCom can access all points of distribution allowing customers to use their financial information anytime from anywhere. Visit us at http://www.princetonecom.com or for more information call 1 800 PAYBILL .

About Bottomline Technologies

Bottomline Technologies(R) (NASDAQ: EPAY) is the leading provider of Web-enabled billing, payment, and treasury management solutions for the business-to-business market. Bottomline's three integrated e-business offerings enable corporations and financial institutions worldwide to automate, control and integrate all money movement. PayBase(R) provides a pathway from traditional paper checks to electronic payments. NetTransact, the Company's business-to-business bill presentment and payment suite, enables enterprise billers and their trading partners to electronically present, adjudicate, and pay bills on-line. Bottomline's ICM division is a leading developer of web-enabled electronic banking and treasury management solutions. Today, Bottomline's offerings are utilized by over 2,500 organizations representing every major industry sector. 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.

Cautionary Language

This press release may contain forward-looking statements 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 and general economic conditions. For additional discussion of factors that could impact the Company's financial results, refer to the Company's Form 10-K filed February 1999.