SWIFT and Bottomline Technologies Expand Strategic Partnership to Accelerate Adoption of SWIFT Alliance Lite
Bottomline to Integrate SWIFT Alliance Lite into their Award-winning Platforms for Global Payments Automation and Multi-bank Connectivity
PORTSMOUTH, NH AND HONG KONG – September 13, 2009 –
Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment, invoice and document automation solutions, today at Sibos 2009 announced a strategic partnership agreement with SWIFT to drive the adoption of SWIFT Alliance Lite by corporates and financial institutions.
As the global leader in secure financial messaging, SWIFT’s products and services are used by more than 8,500 banks, securities institutions and corporations to exchange over 3.8 billion standardized financial messages annually. SWIFT Alliance Lite, for which Bottomline is the principle technology partner, is an innovative Web-based connectivity solution, providing businesses with direct, secure and low-cost access to the SWIFT network.
By integrating SWIFT Alliance Lite with Bottomline’s payments automation platforms, corporations will be able to streamline their domestic and international payments by leveraging a single channel for communicating with multiple banking partners around the world. This will result in lower processing costs, improved straight through processing and enhanced visibility of cash and bank account activity globally.
“SWIFT Alliance Lite is delivering on its promise to provide corporations with faster and easier connectivity to the SWIFT Network,” said Erik De Belder, Head of Strategic Partner Development at SWIFT. “As SWIFT’s development partner on this initiative, and through this new distribution agreement, we’ll be able to leverage our relationship with Bottomline to drive faster adoption and bring the benefits of Alliance Lite to more corporations and financial institutions.”
Bottomline’s award-winning platforms for payments automation enable secure and efficient enterprise payment processing. Designed to meet the needs of mid- to large-sized corporations, these solutions offer flexible modules that can be implemented quickly and cost-effectively, based on an enterprise's specific objectives. Together these advanced applications provide a comprehensive and highly strategic solution for financial process automation, offering the scalability and flexibility required to accommodate future business needs.
“We’re delighted to see our relationship with SWIFT progress in the form of this new partnership and present both parties with exciting new opportunities,” said Rob Eberle, President and CEO of Bottomline Technologies. “Integrating SWIFT Alliance Lite with our own capabilities for payments automation creates a powerful value proposition for our customers, enabling us to deliver flexible and cost effective solutions for streamlining global payments and delivering real-time cash visibility across multiple banks.”
Editorial Note: Bottomline will be exhibiting in booth 3D18 at Sibos 2009, September 14-18, 2009 in Hong Kong. To arrange an on-site meeting, please contact Heather Bridges at +1 603-501-5267 or Billy Balfour at +1 603-501-5219.
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/.
About SWIFT
SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect over 8,500 banking organisations, securities institutions and corporate customers in more than 209 countries. SWIFT enables its users to exchange automated, standardised financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies. SWIFT also brings the financial community together to work collaboratively to shape market practice, define standards and debate issues of mutual interest.
About Bottomline Technologies
Bottomline Technologies (NASDAQ: EPAY) provides collaborative payment, invoice and document automation 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 these solutions 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.
Company Contact:
Alana Burns
Bottomline Technologies
603-501-6601
aburns@bottomline.com
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