Bottomline Technologies Showcases New Investment Funds Processor Module at SWIFTNet Funds Conference.PORTSMOUTH, N.H. -- SWIFT invites Bottomline to demonstrate new trade settlement technology at European forum for financial institutions 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 that the company introduced its WebSeries(R) Investment Funds Noun 1. investment funds - money that is invested with an expectation of profit investment assets - anything of material value or usefulness that is owned by a person or company Processor (IFP (1) (Intelligent Forms Processing) Using advanced techniques to scan documents and determine their data content. See ICR. (2) (Integer Factorization Problem) The difficulty of finding prime numbers in an encryption key. ) module at the recently held forum, SWIFTNet Funds - Extending Automation Opportunities, which was held in Luxembourg. Bottomline was invited by SWIFT to co-sponsor the event and showcase its new IFP module, which is part of Bottomline's Enterprise Cash Management platform. SWIFT is the industry owned co-operative supplying secure, standardized messaging services and interface software to 7,650 financial institutions in more than 200 countries. Bottomline Technologies' CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. , Eric Campbell, demonstrated the company's IFP module, which provides European transfer agents with the ability to straight-through-process (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;. ) incoming order messages from funds distributors, and immediately supply the distributors with settlement confirmations. In addition, IFP allows the transfer agent to automatically reconcile orders against the resulting cash transactions to create a final posting. Users of IFP can utilize the existing ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 15022 message standards from SWIFT, and will be able to leverage new SWIFT XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. standards as they are rolled out over the next twelve to eighteen months. This key feature allows users to work within today's messaging standards and take immediate advantage of the new standards when they become available. "We are pleased to have been invited by this important consortium to showcase our IFP technology at their industry conference. Bottomline's solution is designed to help leading financial institutions consolidate and automate the trade settlement process to reduce time, cost and errors, while leveraging their existing investments," said Craig Jones, Bottomline Technologies' vice president and general manager Banking and Financial Services North America. The SWIFTNet Funds forum held in Luxembourg provides European financial institutions with an opportunity to share their experiences on implementing STP solutions, and features technological solutions developed by industry-leading vendors to address the challenges of extending automation and STP. Bottomline Technologies provides Corporate Electronic Banking and Enterprise Cash Management Solutions to the financial services industry. Bottomline has been providing award-winning banking products to some of the world's leading financial institutions for over 15 years. Awards include The Alexander Hamilton Award for Cash Management, GSCS GSCS Garden State Chiropractic Society GSCS Senior Chief Gas Turbine System Technician (Naval Rating) GSCS Global Supply Chain System GSCS Government Securities Clearing System Benchmarks Award, and CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. Canada ITX ITX Isopropylthioxanthone ITX Intermediate Text Block ITX Interactive Transaction Executive ITX Indian Text Exchange Award. 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 more effectively manage their critical financial transactions, cash decisions and trading partner relationships, leveraging 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. 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. Bottomline Technologies and WebSeries are registered trademarks of Bottomline Technologies, Inc. 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, our quarterly and annual reports are on file with the SEC. |
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