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TheStreet Open House

Paymode-X® Expands Payment Capabilities To 23 Currencies

Stocks in this article: EPAY

Bottomline Technologies (NASDAQ: EPAY), a leading provider of cloud-based payment, invoice and banking solutions, today announced that its business-to-business settlement network, Paymode-X, has expanded payment capabilities to 23 currencies.

The Paymode-X network first increased its global reach with the launch of a travel commission payment offering. Today Paymode-X supports 23 currencies spanning more than 30 countries and is used by travel companies to send electronic commission payments and remittance detail to their agents around the globe.

“Paymode-X’s international EFT capabilities enable organizations to make cost-effective electronic payments to vendors in more countries without having to change global treasury relationships,” said Amy Hoke, Vice President of Paymode-X Product at Bottomline.

Eliminating paper payable processes presents significant opportunities for cost savings and allows organizations to reduce their environmental impact. For more information on Paymode-X, visit www.paymode-x.com. Already a Paymode-X customer? Download the Paymode-X iPad ® app from the iTunes ® store.

About Bottomline Technologies

Bottomline Technologies (NASDAQ: EPAY) provides cloud-based payment, invoice and banking 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 Bottomline 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.

Bottomline Technologies, Paymode-X and the BT logo are trademarks of Bottomline Technologies (de), Inc. which may be registered in certain jurisdictions. All other brand/product names are trademarks of their respective holders.

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements reflecting our expectations about the Paymode-X settlement network. Actual results may differ materially from our expectations as a result of various important factors, including but not limited to competition, market demand, technological change, strategic relationships, recent acquisitions, international operations and general economic conditions. For additional discussion of these and other factors that could impact our operational and financial results, refer to our filings with the Securities and Exchange Commission, including our Form 10-K for the fiscal year ended June 30, 2012 and subsequent filings. Any forward-looking statements represent our views only as of today and we do not assume any obligation to update such statements.

Copyright Business Wire 2010

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