Bottomline Technologies Introduces Solution for SEPA Compliance; BIC and IBAN Validation Ensures Fast, Error-Free Straight-Through Payments Processing.

READING, England -- Bottomline Technologies (NASDAQ:EPAY), a leading provider of payments and invoice automation software and services, today introduced new solutions designed to help companies ensure compliance with the European Payment Council's (EPC) resolution on the Single Euro Payments Area (SEPA) and reduce costs associated with cross-border European payments.

As part of the European Union's broad initiative to encourage cross-border trade among member states, which includes more closely aligning the fee structure for domestic and cross-border payments up to EUR 50,000, the EPC has mandated that all cross-border payments contain Bank Identifier Codes (BIC) and International Bank Account Numbers (IBAN) or be subject to bank repair fees. Beginning in 2007, however, banks will have the ability to reject any payments from corporate clients that do not include the correct BIC and IBAN data.

Bottomline's versatile BIC and IBAN Validation solutions provide corporate users with the tools necessary to efficiently capture, maintain and validate the appropriate BIC and IBAN information prior to submitting payments to their banking partners. By increasing their ability to comply with SEPA guidelines, corporate clients can not only avoid unnecessary bank charges, but reduce payment costs and improve error and query rates.

"The advent of SEPA represents an important cost-saving opportunity for all businesses, provided they possess the capabilities necessary to submit payments with the appropriate BIC and IBAN numbers," said Nigel Savory, Managing Director, Bottomline Technologies Europe. "Regardless of how a business's payments criss-cross the continent, Bottomline's innovative services for BIC and IBAN validation enable our customers to quickly profit from the full scope of benefits intended by this significant regulation."

Bottomline's BIC and IBAN validation solutions include BankScan International, a combined software module and database, easily deployed on a distributed network to automatically or manually check BIC and IBAN information, and the Validate IBAN Service, which provides customers with an outsourced option for gathering missing BIC and IBAN codes for their vendors. The versatility of these new offerings allows customers to take advantage of the component best suited to meet their short- and long-term needs.

Pricing and Availability

Bottomline's BankScan International and Validate IBAN Service are available today. BankScan International is available under a transaction-based pricing model as a licensed solution, while users of the Validate IBAN Service are charged upon initiation of the service. For additional information, please contact Bottomline for details.

About Bottomline Technologies

Bottomline Technologies (NASDAQ: EPAY) provides payments and invoice automation software and services to organizations seeking more secure and efficient financial processes. The company remains at the forefront of delivering innovative solutions that complement and extend the value of existing financial processes, business relationships and back-office systems. These solutions have enabled industry-leading corporations, banks and financial institutions to automate, manage and control processes involving payments and collections, invoice approval, cash flow, risk mitigation, reporting and document archive. For more information, please visit www.bottomline.co.uk.

Bottomline Technologies and the BT logo are 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 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 Bottomline Technologies' financial results, refer to the Company's Form 10K filed September 2005, Form 10Q filed May 2006 and any recently filed Form 8K's.