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Technology Stocks : EPAY -- Ignore unavailable to you. Want to Upgrade?

To: faro who wrote (657)	1/17/2000 10:02:00 AM
From: AugustWest	Read Replies (2) \| Respond to of 717

Hope things are going well with your situation. Here's some catch up news from last week: Bottomline Technologies Announces Universal Payment Engine for B2B eCommerce New offering complements EPAY's existing B2B bill presentment and payment platform for the eCommerce marketplace PORTSMOUTH, N.H.--(BUSINESS WIRE)--Jan. 12, 2000-- Bottomline Technologies (NASDAQ:EPAY - news), the premier provider of Web-enabled billing, payment and electronic banking solutions, announced today the company's new Universal Payment Engine for eCommerce. This unique payment engine is part of the company's move to provide full-scale billing and payment technologies for B2B eCommerce companies, web based trading communities, and traditional corporate and banking customers. This offering leverages components from Bottomline's new and existing payment suites and brings together in one platform a full range of payment capabilities. The offering incorporates all major payment technologies including ACH disbursements, electronic delivery of remittance information, S.W.I.F.T. payment instructions for international transactions, and FedWire, as well as credit, debit and procurement card payments. With this broad range of capabilities, the Universal Payment Engine is the only eCommerce infrastructure offering of its type on the market today. ''The Universal Payment Engine offers customers more comprehensive payment capabilities enhancing their ability to accept payments in many different forms,'' stated Dan McGurl, president and CEO of Bottomline. ''This added flexibility opens new global markets for our customers by extending their eCommerce strategies. The platform will introduce new payment possibilities for web-merchants and eCommerce portal companies, while extending value to our existing commercial, banking and financial customers.'' Used in conjunction with the Bottomline electronic B2B bill presentment product, NetTransact, this powerful combination ''closes the invoicing and payments loop'' to reduce DSO and improve Global Money Movement. ''With this technology organizations can leverage the capabilities and efficiencies of the Internet, completing the entire bill presentment and payment transaction in an on-line, real-time environment,'' stated Dan McGurl. ''The comprehensive package enables buyers and sellers to extend the efficiencies achieved in selling and buying via the Internet to the billing and payment portion of the transaction.'' About Bottomline Technologies Bottomline Technologies® (NASDAQ: EPAY - news) is a leading provider of Web-enabled billing, payment, and electronic banking solutions for the business-to-business market. Bottomline's three integrated eBusiness offerings enable corporations and financial institutions worldwide to automate, control and integrate all money movement. PayBase® provides a pathway from traditional paper checks to electronic payments. NetTransact, the Company's business-to-business bill presentment and payment suite, enables enterprise billers and their trading partners to electronically present, adjudicate, and pay bills on-line. Bottomline's ICM division is a leading developer of web-enabled electronic banking and treasury management solutions. Today, Bottomline's offerings are utilized by over 2,500 organizations representing every major industry sector. Founded in 1989, Bottomline maintains its headquarters in Portsmouth, NH and has satellite offices located in most major cities. For more information, dial (800) 243-2528 or visit Bottomline on the web at www.bottomline.com. Cautionary Language This press release may contain forward-looking statements that involve risks and uncertainties, including statements regarding expected benefits of use of the Company's products and future growth or results. Among the important factors which could cause actual results to differ materially from those in the 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 the Company's financial results, refer to the Company's Form 10-K filed February 1999. -------------------------------------------------------------------------------- Contact: Bottomline Technologies Ellen Backus, 978/740-0780 pr@bottomline.com or Clearview Associates Kathleen Hawk, 212/966-9397 khawk@newyorknet.net