| FOR IMMEDIATE RELEASE |
6 October 2009 |
Bottomline Platform for Global Cash Management Garners
High Marks for Breadth of Security Functionality
Third-Party Evaluation Validates Platform’s Multi-Layered Approach for
Identifying and Preventing Internal and External Threats
PORTSMOUTH, N.H. and SAN FRANCISCO – October 6, 2009 - Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment, invoice and document automation solutions, today at the 2009 AFP Annual Conference announced that its WebSeries® Global Cash Management platform received high marks for security as part of an independent, third-party evaluation.
This latest evaluation is part of Bottomline’s rigorous security assessment program, which is designed to ensure that threat prevention mechanisms inherent in WebSeries are capable of addressing the evolving needs of global banks and financial institutions. In addition to following industry best-practice Web development methodologies, WebSeries’ multi-layered approach to security prevents ‘trusted’ users from usurping their administrative rights at the application and database levels. By leveraging WebSeries standard product, updates to the newest security threats can be addressed quickly and without potentially costly delays.
“We conducted an extensive evaluation of the robust security functionality in Bottomline’s WebSeries platform and the product excelled across all areas of our testing,” said Ed Adams, President and CEO of Security Innovation. “It’s evident from the results that Bottomline has architected a solution that surpasses user expectations for threat prevention within a global cash management solution.”
“Security requirements are always changing for banks and financial institutions, particularly with regard to the threat posed by internal users,” said Eric Campbell, Chief Technology Officer of Bottomline Technologies. “Internal user fraud is not only more devastating, it is a more likely scenario than an external attack. With WebSeries, we’ve taken a very proactive approach to application security, constantly testing and evaluating our solution to ensure it exceeds the expectations of our clients and delivers the protection of data and reputation they require from a cash management solution.”
To get to market quickly with high-volume domestic and international payments capabilities, banks and financial institutions around the world rely on Bottomline’s award-winning WebSeries Global Cash Management platform. A single platform for managing payments and providing real-time cash management reporting, WebSeries delivers the security, reliability and rich functionality necessary to deliver the products and user experience required to strengthen customer relationships and develop new markets.
Editorial Note: Bottomline will be exhibiting in booth 1833 at the AFP Annual Conference, October 4-7, 2009 in San Francisco. To arrange an on-site meeting, please contact Billy Balfour at 603-501-5219.
Calculate the Environmental Savings
To help raise awareness of the environmental benefits achieved by transitioning from paper to electronic processing, Bottomline has posted a green savings calculator on its Web site at: www.bottomline.com/cash_management_goes_green/
Contact
Billy Balfour
Bottomline Technologies
bbalfour@bottomline.com
603-501-5219
