Bottomline Technologies and HSBC Bank plc Renew Partnership to Offer Advanced Check and Bill Issuance Service.Business Editors/High-Tech Writers PORTSMOUTH, N.H.--(BUSINESS WIRE)--July 17, 2003 Bottomline Technologies(R) (Nasdaq: EPAY), a leading global technology provider of Financial Resource Management (FRM FRM From FRM Form FRM Fixed-Rate Mortgage FRM Financial Risk Manager (GARP) FRM Fondation pour la Recherche Médicale FRM Financial Resource Management FRM Final Rulemaking FRM Fiber-Reinforced Metal FRM Federal Reference Methods ) 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 the re-signing of a 3-year strategic partnership agreement with HSBC HSBC Hongkong and Shanghai Banking Corporation HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) Bank plc, a principal member of the HSBC Group, one of the world's largest banking and financial organizations. Bottomline has been supporting HSBC Bank's Check Issuance Service for the last 5 years. The service offers process and transactional cost savings to HSBC Bank's key corporate clients by taking on the end-to-end process of producing, distributing and reconciling their checks and other financial documents such as invoices and remittance Money sent from one individual to another in the form of cash, check, or some other manner. Financial statements sent by a creditor to a debtor frequently refer to the process of submitting a monthly remittance. REMITTANCE, comm. law. advices. To date the service has processed several million payments and documents. The new contract is based on a further strengthening of this offering with added security, new electronic distribution methods and the opportunity for further scope of payments including multi-currency checks and drafts, and electronic payments. "As a banking leader, HSBC Bank is committed to providing global payments and cash management innovations for their clients. Our partnership enables their customers to keep pace with the latest electronic security and payments demands," commented Peter Fortune, president of Bottomline Europe. "Whether for financial giants such as HSBC or for industry leaders in other fields, Bottomline is committed to engineering sound financial management product innovations." Bottomline offers managed services for payment, collections and disaster recovery in Europe and the US. Eliminating the paper processes in-house results in streamlined operations so that organizations can take advantage of the efficiencies and associated cost reductions enjoyed through large-scale processing. About HSBC Bank (HSBC Holdings plc) With over 9,500 offices in eighty countries and territories, and assets of US$759 billion at December 31, 2002, the HSBC Group 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. About Bottomline Technologies Bottomline Technologies(R) (Nasdaq: EPAY) is a leading global technology provider of Financial Resource Management (FRM) solutions and services. Bottomline's comprehensive set of FRM offerings enables businesses and financial institutions to more effectively manage their critical financial transactions, cash decisions and trading partner relationships, leveraging the Web. FRM 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 and Information Reporting. 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 +441189258250. 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 2002, Form 10Q filed May 2003 and any recently filed Form 8K's. |
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