Fifth Third Bancorp Selects Bottomline Technologies; WebSeries Platform to Automate Branch Wires and Provide Web Services-Based Check Management.PORTSMOUTH, N.H. -- 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 Fifth Third Bancorp (NASDAQ: FITB FITB Fill In The Blank FITB Future Income Tax Benefit FITB Fédération Internationale de Tchoukball (International Tchoukball Federation) ) has selected the company's WebSeries(R) platform to enhance wire origination Origination The process through which a mortgage lender creates a mortgage secured by some amount of the mortgagor's real property. Notes: Also known as loan origination, everyone must go through the origination process when securing a mortgage for a piece of real for its relationship managers, retail banking center network and internal departments, as well as provide Web services-based foreign draft and check management. Fifth Third Bancorp has been providing a wide range of personal, small business and commercial products and services to customers in the Midwest and Florida for more than 145 years. In a competitive banking marketplace, Fifth Third executives recognized the value in further empowering its banking centers to initiate fed wire transfers and international payments. By streamlining and further automating the wire process for Fifth Third's relationship managers and over 1,000 banking centers, Fifth Third will be able to more efficiently execute wire transfers based on business best practices. In selecting Bottomline Technologies' WebSeries to support wire origination and Web services-based foreign draft and check management, Fifth Third is able to deploy a flexible and scalable platform capable of supporting both short- and long-term business objectives. "In a marketplace as competitive as banking, differentiation is often tied to the ability to execute core business processes swiftly and accurately," said Sheila Spradlin, Director of International Banking, Fifth Third Bank. "The flexibility and functionality that Bottomline Technologies' WebSeries provides gives us new tools and capabilities, such as Web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. , to ensure that we are in a position to stay a step ahead of the marketplace in delivering our products and services." A comprehensive, Web-enabled payment and financial information management system, WebSeries uses client-defined business rules to automate and control payment processing in a secure and scalable environment. Across the 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. industry, organizations have deployed WebSeries for electronic banking, investment funds Noun 1. investment funds - money that is invested with an expectation of profit investment assets - anything of material value or usefulness that is owned by a person or company management, and enterprise cash management. "We are committed to helping our banking clients deliver the most advanced services possible to their customers," said Joe Mullen Joseph Mullen (born February 26, 1957 in New York, NY) is a retired American professional ice hockey player who played 17 seasons in the National Hockey League with the St. , 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. "Using WebSeries to support key operational process improvements at the branch level, Fifth Third Bancorp will be able to compete more effectively for new customer relationships, ensuring retention through increased responsiveness." About Bottomline Technologies Bottomline Technologies (NASDAQ: EPAY - News) 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 Receipt and Management, Electronic Invoice Presentment 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, the BT logo and WebSeries 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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