Bottomline Technologies Enhances WebSeries(R) Global Cash Management Platform with Expanded Functionality for Payments Processing.New Capabilities Accelerate Straight-Through Processing straight-through processing The direct exchange of cash and securities. Straight-through processing is a major objective for cross-border transactions that are generally much more costly to settle compared to domestic transactions. and Enable Banks to Help Corporate Clients Address Ongoing Regulatory Compliance PORTSMOUTH, N.H. & BOSTON -- 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 provider of collaborative payment and invoice automation solutions, today at Sibos Boston 2007 announced enhanced functionality for the WebSeries Global Cash Management platform, introducing advanced capabilities for payments workflow that enable banks and financial institutions to support more complex transaction approval processes. To help accommodate high-volume domestic and international payments and transaction reporting, banks rely on Bottomline's award-winning platform to provide the flexibility and scalability required to address the cash management challenges of corporate clients of all sizes. Offering clients a single Web-based platform for originating and managing payments activity worldwide, this modular solution leverages straight-through processing (STP STP or standard temperature and pressure, standard conditions for measurement of the properties of matter. The standard temperature is the freezing point of pure water, 0°C; or 273.15°K;. ) capabilities, including multi-currency, multi-language data integration, international payment standards, BIC BIC See: Bank Investment Contract and IBAN IBAN International Bank Account Number validation, and support for double-byte characters for clearing into Asia. With these expanded capabilities for payments processing announced today, banks and financial institutions can help clients more readily respond to international regulatory requirements, which impose strict requirements around payment approval workflow and transaction reporting. By incorporating these new capabilities into their global cash management products and services, banks can bring to market solutions that complement existing payment approval processes, while offering the flexibility to accommodate future changes to organizational procedures and comply with evolving regulatory mandates. These enhancements to the WebSeries Global Cash Management platform allow banks and financial institutions to deliver greater value through: * The introduction of panel approval schemes, which provide corporate clients the ability to establish approval hierarchies for payments exceeding a pre-determined amount; * Advanced capabilities for 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 return and notification of change enabling corporate end users to quickly and easily update the status of a transaction; and * The use of Ajax-supported user interfaces, which allow greater levels of interactivity and usability by automatically updating transaction information. "As more corporations actively strive for faster, more efficient and cost-effective transactions, banks and financial institutions need to be aggressive in bringing to market flexible and scalable global cash management products and services that can ensure high STP rates," said Eric Campbell, Chief Technology Officer of Bottomline Technologies. "Through these enhancements to our global cash management platform, our bank and financial institution customers can successfully address the evolving demands of the marketplace as well as the individual payment processing and compliance requirements Compliance requirements are a series of directives established by United States Federal government agencies that summarize hundreds of Federal laws and regulations applicable to Federal assistance (also known as Federal aid or Federal funds). of their largest corporate clients." Editorial Note: Bottomline will be exhibiting in booth B39 at Sibos Boston 2007, October 1-5, 2007, at the Boston Convention and Exhibition Center The Boston Convention and Exhibition Center (BCEC) is the largest exhibition center in the Northeast United States, with some 1,700,000 square feet (15.8 hectare) of contiguous exhibition space. . To arrange an on-site meeting, please contact Billy Balfour at 603-501-5219. Independent Evaluation of Bottomline's Global Cash Management Platform To download a free copy of a new profile of Bottomline's platform, please visit: http://www.bottomline.com/forms/banking/aite_report.aspx. About Bottomline Technologies Bottomline Technologies (NASDAQ: EPAY) provides collaborative payment and invoice automation solutions to corporations, financial institutions and banks around the world. The company's solutions are used to streamline, automate and manage processes and transactions involving global payments, invoice approval, purchase-to-pay, collections, cash management and document process automation. Organizations trust these solutions to meet their needs for cost reduction, competitive differentiation and optimization of working capital. Headquartered in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Bottomline also maintains offices in Europe and Asia-Pacific. For more information, visit www.bottomline.com. Bottomline Technologies, WebSeries and the BT logo are registered trademarks of Bottomline Technologies, Inc. which may be registered in certain jurisdictions. All other brand/product names are trademarks of their respective holders. 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. " within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors. Among the important factors that could cause actual results to differ materially from those indicated by such 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 most recent Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Form 10-Q Form 10-Q See 10-Q. filed with the SEC, and any recently filed Form 8K's. Any forward-looking statements represent our views only as of today and should not be relied upon as representing our views as of any subsequent date. We do not assume any obligation to update any forward-looking statements. |
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