|[September 26, 2012]
Bottomline Technologies and Lloyds Bank Wholesale Banking and Markets Announce Strategic Partnership in the UK
PORTSMOUTH, N.H. --(Business Wire)--
Bottomline Technologies (News - Alert) (Nasdaq: EPAY), a leading provider of
cloud-based payment, invoice, and banking solutions, today announced
that it has expanded its partnership with Lloyds Bank in the UK.
Under a new partnership arrangement with Lloyds Bank, Bottomline will
provide secure, reliable connectivity to Lloyds Bank's infrastructure,
enabling corporate customers to streamline the management of payments,
improve operational efficiency and achieve high levels of straight
through processing. These solutions will be available as part of Lloyds'
Host to Host Connectivity Service, which allows corporates to
communicate directly from their ERP, TMS and back office systems to
their banking service providers.
"We are looking forward to working with Bottomline, who are well
established in our industry as a provider of key services. Their
knowledge and understanding of both the corporate sector needs as well
as Lloyds Banks's requirements was a critical factor in their selection
as a strategic partner," said Mike Rayfield, Senior Product Manager,
Transaction Banking, Lloyds Bank.
"We are delighted that Bottomline has been selected as a strategic
partner by another major banking group. This selection reflects the
strength of our market-leading SaaS (News - Alert)-based solutions for the corporate
market," adds Norm DeLuca, Managing Director, Banking and Financial
Services at Bottomline. "Asa trusted partner to Lloyds Bank, we will
help corporates leverage SWIFT and other connectivity options to achieve
financial and operational process automation, attain greater
optimization of working capital and take a more strategic view of cash
management opportunities, all of which are essential in today's
challenging economic environment."
About Bottomline Technologies
Bottomline Technologies (NASDAQ: EPAY) provides cloud-based payment,
invoice and banking solutions to corporations, financial institutions
and banks around the world. The company's solutions are used to
streamline, automate and manage processes involving payments, invoicing,
global cash management, supply chain finance and transactional
documents. Organizations trust Bottomline to meet their needs for cost
reduction, competitive differentiation and optimization of working
capital. Headquartered in the United States, Bottomline also maintains
offices in Europe and Asia-Pacific. For more information, visit www.bottomline.com.
Bottomline Technologies and the BT (News - Alert) logo are trademarks of Bottomline
Technologies (de), Inc. which may be registered in certain
jurisdictions. All other brand/product names are trademarks of their
This press release may contain "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995. Any
statements that are not statements of historical fact (including but not
limited to statements containing the words "will", "believes," "plans,"
"anticipates," "expects," "look forward", "estimates" and similar
expressions) should be considered to be forward-looking statements.
Actual results may differ materially from those indicated by such
forward-looking statements as a result of various important factors,
including but not limited to competition, market demand, technological
change, strategic relationships, recent acquisitions, international
operations and general economic conditions. For additional discussion of
these and other factors that could impact Bottomline Technologies'
financial results, refer to the company's Form 10-K for the fiscal year
ended June 30, 2012 and any subsequently filed Form 10-Q's and Form
8-K's or amendments thereto. Any forward-looking statements represent
Bottomline's views only as of today and should not be relied upon as
representing its views as of any subsequent date. Bottomline does not
assume any obligation to update any forward-looking statements.
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