Bottomline Technologies Awarded Three-Year, $4.2 Million Contract By Lloyds TSB Bank.Business/Technology Editors PORTSMOUTH, N.H.--(BUSINESS WIRE)--Dec. 6, 2001 Bottomline Technologies(R) (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 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 ) software, today announced its selection by Lloyds TSB Lloyds TSB Group plc (LSE: LLOY) is a banking and insurance group in the United Kingdom. It was formed in 1995 by the merger of Lloyds Bank and the Trustee Savings Bank (TSB). The Group's head office is at 25 Gresham Street, London. Bank plc as an outsourced provider of business check and credit processing services for Lloyds TSB's business customers. Lloyds TSB Bank is one of the leading banking institutions in the UK. After considering a number of tenders, Lloyds TSB announced their decision to remain with Bottomline for a further three years for the provision of these services. The services, provided by Bottomline Technologies Europe Ltd, the company's UK subsidiary, include all Special Check and Credit order processing and the provision of dedicated help desk facilities for approximately 5,000 of Lloyds TSB's business customers. Richard Cove, from Lloyds TSB Group Purchasing and Supply Purchasing and Supply can have several different definitions. According to the Institute for Supply Management (ISM) [1], purchasing is defined as a major function of an organization that is responsible for acquisition of required materials, services, and equipment. Management, commented, "We chose Bottomline Technologies because of the history of service excellence to our business customers, their innovative approach to improving the interfaces with our clients and the competitiveness of their proposal." The contract will involve the processing of over 250 business client orders per month and the supply of over 11 million payments and credits per year. Peter Fortune, president of Bottomline Technologies Europe, remarked, "We are delighted that Lloyds TSB Bank, a key provider of business banking services in the UK, has again chosen to work with Bottomline Technologies for this fundamental service to their customers." He added, "We are looking forward to developing the service further through the use of web-based ordering and on-line payment set up." About Bottomline Technologies Bottomline Technologies(R) (NASDAQ: EPAY) is a leading global technology provider of Financial Resource Management (FRM) software. Bottomline's comprehensive Suite of FRM offerings enable 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 An itemized statement or written account of goods sent to a purchaser or consignee by a vendor that indicates the quantity and price of each piece of merchandise shipped. A consular invoice is one used in foreign trade. Receipt and Management, Electronic Invoice Presentment presentment: see indictment. and Payment (EIPP EIPP Electronic Invoice Payment and Presentment EIPP Electronic Invoice Presentment and Payment ) and Electronic Banking. 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. 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 2001 and Form 10Q filed May 2001. |
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