| FOR IMMEDIATE RELEASE |
7 September 2005 |
Bottomline Technologies Launches BACS Gateway For European Payments and Collections
READING, ENGLAND and COPENHAGEN, DENMARK – 7 September 2005 - Bottomline Technologies (NASDAQ: EPAY), a leading provider of payments and invoice automation software and services, today at Sibos 2005 in Copenhagen announced the launch of a new BACS payments gateway enabling European corporate clients to streamline UK payments and collections. The gateway was developed in cooperation with Omikron Systemhaus GmbH, a German software provider.
With the new BACS payments standard, BACSTEL-IP, expected to take effect on 1 January 2006, organisations across Europe that conduct business in the UK are faced with a compliance mandate. Designed specifically for customers of MultiCash, Omikron’s cash management software, the new BACS gateway will allow mainland European organisations to quickly and easily send and receive UK-related payments using the BACSTEL-IP payments standard.
“Thousands of businesses across Europe leverage MultiCash to manage their payments functions,” said Colin Smith, Manager, International Services at Omikron. “By partnering with the market leader for BACSTEL-IP solutions and services, we are able to extend our coverage to include the UK for BACSTEL-IP compliant direct credits and direct debits in an efficient and cost-effective manner.”
Peter Fortune, President of Bottomline Technologies Europe said, “We are excited about our relationship with Omikron and look forward to working with our European partners on this BACS service, as well as other initiatives we are exploring to streamline our customers’ international payments and cash management needs.”
About Omikron
Omikron Systemhaus is a specialist for Electronic Banking solutions, with a keen international focus. Core products include MultiCash®, the market-leading solution for financial management in mid- to large-scale corporates in Europe. The strength of MultiCash, alongside the optional access via Browser using the add-on
MultiCash@Web, lies in the multiple communication links and the wide range of local European and international payments formats which are supported.
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 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), 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 +1.603.436.0700 or +441189258250.
Editors Note: Bottomline will be discussing the BACS payments gateway and its relationship with Omikron in booth B129 at Sibos 2005 Conference and Exhibition, September 5-9, Bella Center, Copenhagen. To arrange an onsite meeting, contact Billy Balfour at +1 603-501-5219.
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.
MultiCash is a registered trademark of Omikron Systemhaus.
