Bottomline Technologies Introduces WebSeries(R) Remote Hub; Expansion of Banking Platform Offers Users Secure, Unattended Transaction Communication.PORTSMOUTH, N.H. and COPENHAGEN, Denmark -- 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 payments and 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. automation software and services, today at Sibos 2005 in Copenhagen announced the expansion of its Electronic Banking Platform with the release of WebSeries Remote Hub. Designed specifically for banks, WebSeries Remote Hub facilitates the exchange of secure payment-related information with corporate clients without manual intervention and enhances straight through processing In financial technology, the ability to process a stock transaction by computer from beginning to end without manual intervention at any of the stages. (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. While browser-based products for transmitting transaction data offer more advanced capabilities than traditional host-to-host workstations, manual intervention continues to be required for initiating file downloads, file uploads Transmitting a file from your computer to another computer. "File upload" is essentially the same term as "upload," because most of the time data are transmitted as a structural unit known as a "file." and report printing. The assumed risk, high cost of software licensing fees and manual processes associated with these products often make it difficult for banks to service and retain corporate customers. With WebSeries Remote Hub, bank executives responsible for client access channels are able to offer automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. , unattended transmission of payments, check issuance files, securities confirmations and information reporting files to a broader set of clients more profitably and with a lower total cost of ownership. Banking users can use WebSeries Remote Hub, for example, to allow corporate clients to automatically receive and print reports each morning or transfer transactional data for reconciliation daily. "Competition and economic pressures compel Compel - COMpute ParallEL banks to be more innovative and pragmatic about corporate banking services such as payments to create differentiation, adjust cost-models and generate new revenues," said Maggie Scarborough, Research Manager, Financial Insights. "Banks are replacing inefficient bank processes with those that better integrate with customer processes. This approach delivers business value directly to the customer and provides efficiency and customer retention for the bank." Based on patented technology, Bottomline's Electronic Banking Platform allows banks and financial institutions to rapidly transform the efficiency and breadth of enterprise cash management services through a modular software See modular programming. architecture. By deploying WebSeries Remote Hub, Bottomline's banking customers can: --Enable corporate clients to transmit payment information and receive reporting details electronically without any manual activity. --Establish a reliable and secure transactional communication service. --Enhance straight through processing (STP) capabilities. --Increase overall transaction volumes and service fees without additional channel costs. "With increased market pressure at global, national and regional levels, striking the right balance between servicing customers and controlling costs is critical, particularly for small and mid-sized banks," said Eric Campbell, Chief Technology Officer, Bottomline Technologies. "WebSeries Remote Hub allows banks to bypass the limitations of browser-based products and offer faster, more efficient transaction communications without having to absorb unnecessary risk and infrastructure costs." 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 the world's leading corporations, banks and financial institutions to automate To turn a set of manual steps into an operation that goes by itself. See automation. , manage and control processes involving payments and collections, invoice approval, cash flow, risk mitigation MITIGATION. To make less rigorous or penal. 2. Crimes are frequently committed under circumstances which are not justifiable nor excusable, yet they show that the offender has been greatly tempted; as, for example, when a starving man steals bread to satisfy , reporting and document archive. For more information, please visit www.bottomline.com. Editors Note: Bottomline will be demonstrating and discussing the benefits of the WebSeries Electronic Banking platform, including WebSeries Remote Hub, in booth B129 at Sibos 2005 Conference and Exhibition, September 5-9, Bella Center The Bella Center is a congress and exhibition center in Copenhagen, Denmark. It is located in Ørestad, next to the metro station named after the center. See also
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. 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 2004, Form 10Q filed May 2005 and any recently filed Form 8K's. |
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