Bottomline Technologies and PaylinX Form Strategic Alliance; Co-Marketing Agreement to Integrate Credit Card and ACH Solutions.Business Editors & Technology Writers RESTON, Va.--(BUSINESS WIRE)--April 18, 2000 PaylinX(R) Corporation, the recognized leader in payment solutions for Internet businesses, call centers and large enterprises, and Bottomline Technologies(R) (Nasdaq:EPAY), the premier provider of Web-enabled billing, payment and electronic banking solutions, today announced a strategic co-marketing alliance. Under the alliance, each company will cross-sell their individual offerings and jointly deliver a full-scale, flexible payment offering for enterprise-wide transactions. Under the terms of the agreement, Bottomline's Universal Payment Engine (UPE UPE Upsilon Pi Epsilon (International Computer Science Honor Society) UPE Universal Primary Education UPE Unreimbursed Partnership Expenses UPE Universal Plasticx Exchange UPE User Plane Entity (3GPP) ) will be integrated with PaylinX's enterprise payment server, called EnterpriZ Engine(TM), to offer customers the ability to initiate electronic payments and other automated debits and credits through the Federal Reserve's automated clearinghouse (ACH (Automated Clearing House) A system of the U.S. Federal Reserve Bank that provides electronic funds transfer (EFT) between banks. It is used for all kinds of fund transfer transactions, including direct deposit of paychecks and monthly debits for routine payments to ) system. In addition, EnterpriZ Engine's credit card and procurement card authorization and settlement facilities will be offered as an additional solution with Bottomline's UPE. The co-marketed Bottomline-PaylinX payment solutions will be offered to e-commerce companies, Web retailers, call centers and large enterprises, along with ISPs, CSPs and ASPs that need a comprehensive, electronic disbursement DISBURSEMENT. Literally, to take money out of a purse. Figuratively, to pay out money; to expend money; and sometimes it signifies to advance money. 2. solution. "The synergy of our relationship is immediately evident, since Bottomline Technologies and PaylinX share a common vision and strategy for the future of e-commerce," remarks Dan McGurl, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bottomline Technologies. "Bottomline customers, in addition to reaping the benefits of our sophisticated UPE suite, will now have the advantage of enterprise-wide payment solutions from PaylinX. Whether ACH disbursements, S.W.I.F.T., FedWire, credit card or other types of electronic payments, this offering is suited for fast-growing organizations that require a flexible, robust payment management and creation system." Both the Bottomline and PaylinX packages are server-based applications featuring open technology standards. They each offer seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. with front-end applications and processes, as well as easy connection to financial management systems. Both vendors provide full ODBC-compliant database support, use industry-standard security encryption The reversible transformation of data from the original (the plaintext) to a difficult-to-interpret format (the ciphertext) as a mechanism for protecting its confidentiality, integrity and sometimes its authenticity. Encryption uses an encryption algorithm and one or more encryption keys. for Internet transactions, and provide sophisticated internal application measures for additional protection. "We are pleased to announce this strategic alliance, as it will enable both organizations to deliver additional value to our customers and prospects," says PaylinX chairman and CEO John (Jack) J. McDonnell. "The robust, scalable architecture of the PaylinX enterprise payment solutions offered in conjunction with Bottomline's premier UPE solution will enable our joint customers to easily handle a rapidly increasing volume and diversity of transactions. We look forward to co-marketing this unique solution." About PaylinX PaylinX(R) Corporation is the recognized leader in payment solutions for Internet businesses, call centers and large enterprises. In 1996, PaylinX pioneered a new approach to enterprise-wide payment processing, a payment server. The PaylinX payment server, called EnterpriZ Engine, is a robust 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. platform that operates behind the scenes to authorize and settle credit card and other payment transactions in real-time through built-in connections with third-party processors and merchant banks, all in seamless integration with legacy front-end, customer relationship and financial management systems. The fully scalable PaylinX payment solution enables organizations to accept and process payment transactions across multiple channels - Web storefronts, call centers, interactive voice response (IVR (Interactive Voice Response) An automated telephone information system that speaks to the caller with a combination of fixed voice menus and data extracted from databases in real time. ) systems, in-store point-of-sale systems and kiosks - all through a single, uniform payment architecture. PaylinX may be reached at 314/692-0929 or www.paylinx.com. About Bottomline Technologies Bottomline Technologies(R) (Nasdaq:EPAY) is the leading provider of Web-enabled billing, payment, and electronic banking solutions for the business-to-business market. Bottomline's three integrated e-business offerings enable corporations and financial institutions worldwide to integrate, automate, and streamline the entire financial supply chain. PayBase(R) provides a pathway from traditional paper checks to electronic payments, as well as sophisticated messaging, 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. , and anti-fraud tools. NetTransact(TM), the company's business-to-business bill presentment and payment See EBPP. suite, enables enterprise billers and their trading partners to electronically present, adjudicate adjudicate (  jōō´dikāt´),v , and pay bills on-line. Bottomline's BankQuest(TM) effectively consolidates multi-bank financial reporting and communications, enabling organizations to monitor their cash position, improve their returns and capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. investment opportunities. Today, Bottomline's offerings are utilized by over 2,500 organizations representing every major industry sector. Founded in 1989, Bottomline maintains its headquarters in Portsmouth, NH and has satellite offices located in most major cities. For more information, dial 800/243-2528 or visit Bottomline on the web at www.bottomline.com. Bottomline Technologies: 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 the Company's financial results, refer to the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed September 1999. PaylinX(R) is a registered trademark and Enterprise Commerce, PaylinX for Site Server, Payment Pipes, Payment Router, PaylinX Internet Payment Server, PaylinX Enterprise Payment Server, Processor Cartridges, EnterpriZ Engine, EnterpriZ Gateway, MerchantlinX, FinancelinX, CommercelinX, ServicelinX, Powered by PaylinX, PaylinX on Tap, the PaylinX logo, the e-dollar logo, the phrase "Payments for the New Economy," the phrase "Electronic Commerce. TODAY." are trademarks of PaylinX Corporation in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and other countries. Other trademarks, service marks, and copyrights are the property of their respective owners. |
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