Bli medlem
Bli medlem

Du är här

2016-05-09

Bottomline Technologies, Inc.: Bottomline Partners With Barclays to Bring a Fast and Convenient Mobile Payment Solution to UK Businesses

PORTSMOUTH, N.H., May 09, 2016 (GLOBE NEWSWIRE) -- Bottomline Technologies
(NASDAQ:EPAY), a leading provider of cloud-based payment, invoice, and
digital banking solutions, today announced the release of a mobile payment
solution for the UK in cooperation with Barclays.

The solution will allow organizations to send payments in minutes to
recipients using only a phone number. This means the recipient does not need
to surrender their bank account details and the organization does not need to
handle sensitive payment information. This makes it a faster, more convenient
and lower cost alternative to issuing checks. The immediacy of payment will
also be attractive to organizations currently disbursing via Bacs Direct
Credit.

To receive a payment, individuals and smaller organizations can be registered
to either Pingit, a mobile payment service from Barclays or to Paym, a mobile
payment service supported by Barclays and sixteen other banks and building
societies. There are already over 3 million phone numbers registered with
Pingit and over 3 million registered with Paym. If a recipient wants to
receive a payment via their phone number but is not registered to either
service, they will receive an SMS inviting them to register to Pingit within
five days and on doing so will instantly receive the payment. Recipients do
not have to bank with Barclays or have a smartphone to use Pingit and
according to Payments UK, more than 40 million customers are eligible to
register their mobile phone number for Paym, representing over 90% of UK
current accounts.

Richard Ransom, Product Marketing Manager, Bottomline Technologies, comments,
"With the ability to make a single submission of bulk payments in near
real-time without needing to capture customer bank details, we expect
Bottomline's Mobile Payments for Corporates module will appeal to a very
wide-range of businesses. This fully automated solution can be especially
attractive to businesses such as those in the utility and insurance sectors
that still rely on high volumes of costly check generation."

"As well as offering a lower-cost alternative to existing payment processes,
the convenience and immediacy of Pingit and Paym can significantly improve
customer engagement and satisfaction levels for users. For example, in the
case of Pingit, all recipients will be notified of their payment via an SMS
or app alert."

Darren Foulds, Managing Director for Pingit, Barclays, added: "Over £2bn has
been transferred to date via Pingit and this mobile integration functionality
will allow Bottomline's customers to quickly adopt both Pingit and Paym
payment methods. It's a payment option that will provide extra security, as
well as greater speed and convenience for businesses and their customers."

About the Mobile Integration Solution

The Mobile Payments for Corporates module from Bottomline Technologies is an
addition to their modular 'C-Series' platform - an end-to-end solution for
organizations that require multiple locations, users and payment methods. The
module now offers the ability to connect and integrate their existing payment
systems with the Barclays Pingit 'send a payment' service. This service
requires a Barclays Corporate UK bank account. Disbursement values typically
range from £1 up to £3,000.

About Bottomline Technologies

Bottomline Technologies (NASDAQ:EPAY) powers mission-critical business
transactions. We help our customers optimize financially-oriented operations
and build deeper customer and partner relationships by providing a trusted
and easy-to-use set of cloud-based digital banking, fraud prevention,
payment, financial document, insurance, and healthcare solutions.

Over 10,000 corporations, financial institutions, and banks benefit from
Bottomline solutions. Headquartered in the United States, Bottomline also
maintains offices in Europe and Asia-Pacific.

For more information, visit www.bottomline.com.

About Barclays
Barclays is a transatlantic consumer, corporate and investment bank offering
products and services across personal, corporate and investment banking,
credit cards and wealth management, with a strong presence in our two home
markets of the UK and the US.

With over 325 years of history and expertise in banking, Barclays operates in
over 40 countries and employs approximately 130,000 people. Barclays moves,
lends, invests and protects money for customers and clients worldwide.

For further information about Barclays, please visit our website:
home.barclays

About Pingit
Pingit was the UK's first person to person mobile payment app launched in 2012
and has since expanded to include consumer to business and business to
consumer payments. Pingit payments can be facilitated via PC and tablet
websites, mobile websites and apps, email, SMS and paper invoices using QR
codes. Over 78,000 businesses have registered to use Pingit.

It is free to download on Apple, Android, Windows and Blackberry devices and
is available to everyone, not just Barclays customers.

Pingit has more than 3 million registered users and the total amount
transacted using the service is more than £2bn.

For further information about Pingit, please visit pingit.com

Bottomline Technologies and the Bottomline Technologies logo are trademarks of
Bottomline Technologies, Inc. which may be registered in certain
jurisdictions. All other brand/product names may be trademarks of their
respective owners.

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 our ability to execute on our growth plans.
Any statements that are not statements of historical fact (including but not
limited to statements containing the words "believes", "plans",
"anticipates", "expects", "look forward", "confident", "estimates" and
similar expressions) should be considered to be forward-looking statements.
Actual results may differ materially from those indicated by such
forward-looking statements as a result of various important factors
including, among others, 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' operational and financial results, refer to
our Form 10-K for the fiscal year ended June 30, 2015 and any subsequently
filed Form 10-Qs and Form 8-Ks or amendments thereto. 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 for Media:

Henry Goodwin
Bottomline Technologies
603.380.6106
henry.goodwin@bottomline.com

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Bottomline Technologies, Inc. via Globenewswire

HUG#2010421

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.