Canada's Royal Trust Selects Bottomline Technologies To Provide Web-based Client Access.Business/Technology Editors PORTSMOUTH, N.H.--(BUSINESS WIRE)--May 30, 2000 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), the premier provider of Web-enabled billing, payment and electronic banking solutions, announced today that Royal Trust, Canada's leading global custodian, has licensed BankQuest(TM) as the conduit through which it will deliver securities services to clients on the Web. Bottomline's BankQuest is a flexible, economical and quick-to-implement electronic banking platform that is being used to develop a customized solution for Royal Trust. With nearly 1.1 trillion Canadian dollars Noun 1. Canadian dollar - the basic unit of money in Canada; "the Canadian dollar has the image of loon on one side of the coin" loonie dollar - the basic monetary unit in many countries; equal to 100 cents in assets under administration, Royal Trust Global Securities Services is the international custody arm of Royal Bank of Canada Bank of Canada Canada's central bank, established under the Bank of Canada Act (1934). It was founded during the Great Depression to regulate credit and currency. The Bank acts as the Canadian government's fiscal agent and has the sole right to issue paper money. . Royal Trust selected Bottomline for its ability to customize the BankQuest platform for the expansion of its custody and trade processing services to a browser-based channel. Under terms of the agreement, Royal Trust will launch its Web-based services under the ViewFinder The preview window on a camera that is used to frame, focus and take the picture. On analog cameras, the viewfinder is an eye-sized window that must be pressed against the face. Point-and-shoot digital cameras use small LCD screens that are viewed several inches from the eyes. (R) brand. "Our clients depend on us to provide premier custody services in the most timely and efficient manner possible," noted Jose Placido Placido may refer to any of the following: People Placido is a traditional Spaniard clan name (see Clan Placido) and it is now a common given name and a less common surname. It is also a fairly common surname in Southern Italy. , senior vice president, Global Securities Services at Royal Trust. "Responding to the call to offer browser-based custody services is of primary importance so we require a robust solution from which we can build more value-added services as client demand evolves. Our past success with our desktop workstation reporting platform was the chief reason in selecting Bottomline to provide our browser-based delivery channel." The bank-branded solution will be implemented for Royal Trust's custody clients, including corporate and institutional fund managers, pension funds, investment managers, broker-dealers and insurance providers throughout Canada and around the world. Using BankQuest technology, Royal Trust's custody clients will have Web-access to a range of custody and trust services available from Royal Trust's virtual private network. In addition, the joint venture will also provide a strategic platform for the roll out of Royal Trust's future e-commerce activities. "Offering reliable e-custody services is rapidly becoming a mission-critical prerequisite," said 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. "Working with Royal Trust to bring the platform into the global securities processing environment furthers BankQuest's position as a premier solution for electronic banking needs. This agreement also furthers Bottomline's leadership position to have the largest financial institution in Canada select us to assist in developing its e-custody solution." About Royal Bank of Canada Royal Bank of Canada (RY) is a diversified global 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. group and a leading provider of personal and commercial banking, investment and trust services, insurance, corporate and investment banking, on-line banking and transaction-based services including custody. The group's main business units include Royal Bank, RBC Dominion Securities
RBC or rbc abbr. red blood cell RBC, n See red blood cell count. RBC red blood cells; red blood (cell) count (see blood count). Insurance and Global Integrated Solutions. The group has 49,000 employees who serve 10 million personal, business and public sector customers in 30 countries. For more information, visit Royal Bank's Web site at www.royalbank.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, 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) is a corporate and institutional browser-based electronic banking platform that provides information reporting and transactional services for cash management, trade finance, and securities processing. 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(R) and PayBase(R) are registered trademarks of Bottomline Technologies Inc. NetTransact(TM) and BankQuest(TM) are trademarks of Bottomline Technologies Inc. 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. |
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