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  Press Releases
FOR IMMEDIATE RELEASE 1st October 2007

Bottomline Technologies Enhances WebSeries® Global Cash Management Platform with Expanded Functionality for Payments Processing

Bottomline’s Global Cash Management Solution Recognized by Bank Technology News’ Annual Innovators Ranking for Advanced Straight-through Processing and International Payment Capabilities

PORTSMOUTH, N.H. and BOSTON –October 1, 2007 -  Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment and invoice automation solutions, today at Sibos Boston 2007 announced enhanced functionality for the WebSeries Global Cash Management platform, introducing advanced capabilities for payments workflow that enable banks and financial institutions to support more complex transaction approval processes.

To help accommodate high-volume domestic and international payments and transaction reporting, banks rely on Bottomline’s award-winning platform to provide the flexibility and scalability required to address the cash management challenges of corporate clients of all sizes. Offering clients a single Web-based platform for originating and managing payments activity worldwide, this modular solution leverages straight-through processing (STP) capabilities, including multi-currency, multi-language data integration, international payment standards, BIC and IBAN validation, and support for double-byte characters for clearing into Asia.

With these expanded capabilities for payments processing announced today, banks and financial institutions can help clients more readily respond to international regulatory requirements, which impose strict requirements around payment approval workflow and transaction reporting. By incorporating these new capabilities into their global cash management products and services, banks can bring to market solutions that complement existing payment approval processes, while offering the flexibility to accommodate future changes to organizational procedures and comply with evolving regulatory mandates.

These enhancements to the WebSeries Global Cash Management platform allow banks and financial institutions to deliver greater value through:

  • The introduction of panel approval schemes, which provide corporate clients the ability to establish approval hierarchies for payments exceeding a pre-determined amount;
  • Advanced capabilities for ACH return and notification of change enabling corporate end users to quickly and easily update the status of a transaction; and
  • The use of Ajax-supported user interfaces, which allow greater levels of interactivity and usability by automatically updating transaction information.

“As more corporations actively strive for faster, more efficient and cost-effective transactions, banks and financial institutions need to be aggressive in bringing to market flexible and scalable global cash management products and services that can ensure high STP rates,” said Eric Campbell, Chief Technology Officer of Bottomline Technologies. “Through these enhancements to our global cash management platform, our bank and financial institution customers can successfully address the evolving demands of the marketplace as well as the individual payment processing and compliance requirements of their largest corporate clients.”

Editorial Note: Bottomline will be exhibiting in booth B39 at Sibos Boston 2007, October 1-5, 2007, at the Boston Convention and Exhibition Center. To arrange an on-site meeting, please contact Billy Balfour at 603-501-5219.

Independent Evaluation of Bottomline’s Global Cash Management Platform To download a free copy of a new profile of Bottomline’s platform, please visit:

http://www.bottomline.com/forms/banking/aite_report.aspx.

About Bottomline Technologies
Bottomline Technologies (NASDAQ: EPAY)provides collaborative payment and invoice automation solutions to corporations, financial institutions and banks around the world. The company’s solutions are used to streamline, automate and manage processes and transactions involving global payments, invoice approval, purchase-to-pay, collections, cash management and document process automation. Organisations trust these solutions to meet their needs for cost reduction, competitive differentiation and optimisation 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 logo are 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" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are competition, market demand, technological change, strategic relationships, recent acquisitions, international operations and general economic conditions. For additional discussion of factors that could impact Bottomline Technologies' financial results, refer to the Company's Form 10-K filed September 2006, Form 10-Q filed May 2007 and any recently filed Form 8K's. Any forward-looking statements represent our views only as of today and should not be relied upon as representing our views as of any subsequent date. We do not assume any obligation to update any forward-looking statements.

Contact
Billy Balfour
Bottomline Technologies   
bbalfour@bottomline.com
603-501-5219

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