Reliance Trust Expands Implementation of Bottomline’s Platform
WebSeries® Delivers Enhanced User Experience for On-Demand Payments
PORTSMOUTH, NH – March 10, 2008 –
Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment, invoice and document automation solutions, today announced that Reliance Trust, one of the nation’s largest independent trust companies and a subsidiary of Reliance Financial Corporation, has expanded its use of Bottomline’s WebSeries platform with new capabilities for enhancing the user experience of clients generating on-demand trust fund payments.
Based on patented technology, the WebSeries platform integrates with industry-leading ERP systems and other financial applications, enabling organizations to establish more secure, efficient and cost-effective payment processes. In choosing Bottomline’s capabilities, organizations such as Reliance Trust can streamline, monitor and control the entire lifecycle of specific types of payments from a single technology solution, while strengthening existing payment fraud detection capabilities.
“Financial institutions and corporations have invested considerable resources in developing systems that address not only their strategic objectives, but also the needs of their clients. The ability of WebSeries to integrate easily with a variety of applications ensures that our customers will be able to continue to bring to market the type of products and services their businesses require,” said Chip Martin, Vice President of Bottomline Technologies. “We are pleased that Reliance Trust has chosen to expand its use of WebSeries, and we look forward to contributing to the ongoing success of this initiative.”
Bottomline Technologies, WebSeries 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 2007, Form 10-Q filed February 2008 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.