Bottomline Technologies and HSBC Bank Partner to Provide BACSTEL-IP Payment Software to Bank's Corporate Customers.PORTSMOUTH, N.H. -- New agreement names Bottomline preferred supplier of BACS BACS Bankers Automated Clearing System BACS Banks Automated Clearing System BACS British Association for Canadian Studies BACS British Association for Chemical Specialities BACS Bachelor of Arts Community Studies BACS Bachelor of Administrative and Commercial Studies software to HSBC HSBC Hongkong and Shanghai Banking Corporation HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) corporate clients 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 it entered into an agreement with HSBC Bank to become the sole supplier of HSBC's branded BACS-IP desktop software. In addition, Bottomline will be the preferred supplier of BACSTEL-IP solutions to the Bank's corporate clients. HSBC Bank is a principal member of the HSBC Group, which is one of the world's largest banking and financial organizations, with an extensive global capability, and a major player in the corporate and institutional banking market. Bottomline has supplied HSBC's direct debit direct debit Noun an order given to a bank or other financial institution by an account holder to pay an amount of money from the account to a specified person or company at regular intervals direct debit n and credit-branded software to its corporate customers for the past five years. As part of this new agreement, Bottomline will migrate these existing customers to HSBC's new BACS-IP software. Bottomline will also work very closely with HSBC to migrate all its BACS direct-submitter customers smoothly to BACSTEL-IP in advance of the industry deadline on December 31, 2005. "Bottomline aims to further support the strategic objectives of the Global Payments Cash Management division in HSBC by delivering appropriate payment and collection solutions to all HSBC customers. Both Bottomline and HSBC believe that clients will reap considerable benefits from this partnership to provide HSBC customers with a solid strategy for migrating to BACTEL-IP," said Peter Fortune, president of Bottomline Technologies Europe. "This new agreement underlines Bottomline's continued commitment to developing strong relationships with industry leaders like HSBC." Bottomline Technologies is the UK's leading provider of integrated solutions and transactional services that help companies manage their payments and collections more cost effectively. About The HSBC Group HSBC Holdings plc is headquartered in the UK. The HSBC Group serves over 110 million customers worldwide from approximately 10,000 offices in 76 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of US $1,154 billion at June 30, 2004, HSBC is one of the world's largest banking and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. organizations. HSBC is marketed worldwide as "the world's local bank." 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 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. Receipt and Management, Electronic Invoice Presentment presentment: see indictment. 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 is a registered trademark 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 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 2004 and any recently filed Form 8K's. |
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