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Bottomline Technologies, Inc.: Bottomline Technologies Reports Record Growth for Paymode-X Network

PORTSMOUTH, N.H., Jan. 29, 2016 (GLOBE NEWSWIRE) -- Bottomline Technologies
(NASDAQ:EPAY), a leading provider of cloud-based payment, invoice and digital
banking solutions today announced that the Paymode-X electronic payment
network recognized accelerated adoption and record growth in 2015. The
combination of new partnerships, product innovation, and a growing network
deepens the value of the platform by broadening its reach and further
simplifying payment automation for more businesses.

Highlights of the year include:

* The announcement of a strategic alliance with Visa to create Paymode-X with
Visa Payables Solutions.
* The addition of Fifth Third Bank and BNY Mellon to a portfolio of bank
* Continued growth of relationships with Bank of America Merrill Lynch, the
longest standing strategic Paymode-X partner, as well as Citizens Financial
Group, a partnership that recently expanded to include global payments, and
* New innovations aimed at increasing value for network member businesses,
including a feature that streamlines the process of locating and
transacting with valued trading partners.
* Surpassing 330,000 network members.
* Processing more than $182B in spend between member businesses.

"Supplier enablement is critical to the success of any AP or P2P automation
deployment," said Andrew Bartolini, Chief Research Officer at Ardent
Partners. "This means that the networks with a large number of active
suppliers, like Paymode-X, can generally enable more electronic transactions,
faster and help businesses accelerate their returns."

"We continue our focus on providing businesses with the most efficient and
secure way to exchange electronic payments," said Jessica Moran, General
Manager of Cloud Payment Solutions at Bottomline Technologies. "Paymode-X is
increasingly becoming the way businesses prefer to pay and get paid."

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

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, 2014 and any subsequently
filed Form 10-Q's and Form 8-K's 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:

Christine Nurnberger
Bottomline Technologies


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


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