Bottomline Technologies and Intuit Partner to Provide BACSTEL-IP Service for United Kingdom QuickBooks Users.PORTSMOUTH Portsmouth, city, England Portsmouth, city (1991 pop. 174,218) and district, Hampshire, S England, on Spithead Channel. The district includes Portsea (naval station), Southsea (residential district and resort), and the old town of Portsmouth proper. , N.H. -- Agreement Integrates Bottomline's Subscription Payment Service into QuickBooks 2005, Extending 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 Service to Small- and Medium-Size Businesses 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 has entered into an agreement with Intuit in·tu·it tr.v. in·tu·it·ed, in·tu·it·ing, in·tu·its Usage Problem To know intuitively. [Back-formation from intuition. , Limited to provide UK QuickBooks users with an integrated, Bottomline-powered payment service for BACSTEL-IP. Under the terms of this agreement, QuickBooks 2005 users will now be able to transfer funds via BACS, taking advantage of the significant cost and process efficiencies over other payment methods. QuickBooks 2005 users will be able to make payroll, supplier and expense payments through BACS using Bottomline's market-leading subscription service. Since introducing its BACSTEL-IP payment subscription service in early 2004, Bottomline has signed up more than 1,900 organizations. "We are delighted to be partnered with the recognized leader in business payments solutions," said Susan Lazareff, Country Manager, Intuit UK. "Our QuickBooks 2005 customers gain many advantages from this partnership with Bottomline, including the business efficiency and reduced cost of processing payments via BACS. Additionally, QuickBooks users are able to file payroll information directly with the Inland Revenue Inland Revenue Noun (in Britain and New Zealand) a government department that collects major direct taxes, such as income tax Noun 1. service, achieving savings through the electronic settlement of outstanding taxes." "The integration of Bottomline's BACSTEL-IP subscription service into this popular accounting package for small- and medium-sized businesses is a first in the UK," said Paul Fannon, Managing Director of Bottomline's UK Transactional Services Division. "This new service for QuickBooks extends the benefits of BACS to a broader segment of business users, seeking to replace traditional check or fax pay services with electronic payments." About Intuit, Limited The UK subsidiary of Intuit, Inc., Intuit UK specializes in providing small businesses with financial management software and services that make their business life easier and more profitable. Intuit has teamed up with more than 1,700 professional advisers including accountants, as well as high street banks and other service providers to help small businesses at every stage of their life. For more information, visit www.quickbooks.co.uk. 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 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 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 November 2004 and any recently filed Form 8K's. |
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