Bottomline Technologies Receives U.S. Patent on Award-Winning Electronic Payments Platform.PORTSMOUTH, N.H. -- Scaleable Web Platform Accelerates Financial Transactions for Corporate and Banking Customers 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 global technology provider of financial Business Process Management (fBPM) software and managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality , today announced it has been granted a patent by the United States Patent and Trademark Office The United States Patent and Trademark Office (PTO or USPTO) is an agency in the United States Department of Commerce that provides patent protection to inventors and businesses for their inventions, and trademark registration for product and intellectual property for technology embodied in WebSeries(R), the Company's core payments automation and information reporting platform. The WebSeries platform enables customers to streamline entire electronic payment processes, and provides secure distribution of banking information, such as global balance and transaction reports for cash management. The scaleable solution supports long-term strategic goals, and can interface seamlessly with back-office transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. and Enterprise Resource Planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. (ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. ) systems for straight-through transaction processing. By providing users with a single point of access, WebSeries eliminates many of the technical complexities and frustrations associated with multiple system interfaces and passwords. "Today's financial professionals are in need of a single platform that can move electronic payments quickly, creating a residual effect that accelerates the overall speed of business," said Eric Campbell, CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. of Bottomline Technologies. "WebSeries is an ideal investment for organizations looking to deploy solutions that can fuel competitive differentiation in a global business environment, drive efficiency and lower overall operating costs." Version 4 of WebSeries, which was delivered in December 2004, supports a wide range of modules designed to further extend functionality in support of specific business objectives. These include fraud detection, payee The person who is to receive the stated amount of money on a check, bill, or note. payee n. the one named on a check or promissory note to receive payment. PAYEE. The person in whose favor a bill of exchange is made payable. portal functionality, real-time gross settlement, ACH and global information reporting. WebSeries is used by leading corporations, banks and financial institutions such as Fiserv Investment Support Services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services , John Deere and Fifth Third Bancorp. About Bottomline Technologies Bottomline Technologies (NASDAQ: EPAY) is a leading global technology provider of financial Business Process Management (fBPM) solutions. Bottomline's comprehensive set of fBPM offerings enables businesses and financial institutions to manage their critical financial transactions, cash decisions and trading partner relationships more effectively using the Web. Applications include Electronic Payments and Cash Management, Electronic Invoice Receipt and Management, Electronic Invoice Presentment and Payment (EIPP EIPP Electronic Invoice Payment and Presentment EIPP Electronic Invoice Presentment and Payment ), Electronic Banking, Information Reporting, and Document Output Management. 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. 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 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 2004, Form 10Q filed February 2005 and any recently filed Form 8K's. |
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