Bottomline Technologies Adds Mastercard Virtual Card Capability to Paymode-X Network

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PORTSMOUTH, N.H., Oct. 18, 2016 (GLOBE NEWSWIRE) -- Bottomline Technologies (NASDAQ:EPAY), a leading provider of cloud-based payment, invoice and digital banking solutions, today announced an agreement to connect Mastercard In Control® for ...

PORTSMOUTH, N.H., Oct. 18, 2016 (GLOBE NEWSWIRE) -- Bottomline Technologies (NASDAQ:EPAY), a leading provider of cloud-based payment, invoice and digital banking solutions, today announced an agreement to connect Mastercard In Control® for Commercial Payments technology with Bottomline's Paymode-X®.

With this integration, Bottomline will create a universal business payment solution that allows customers to automate payments while increasing revenue opportunities, efficiencies and control.

"We're proud to partner with one of the world's leading payment networks," said Rob Eberle, President and CEO at Bottomline Technologies. "The strategic alliance announced today provides new innovative capabilities to our Paymode-X membership while moving us another meaningful step closer to our goal of being the way businesses pay and get paid."

Bottomline's enhanced solutions drive maximum value for business payers and suppliers. Paymode-X is the only payments solution with a proprietary Intelligent Engagement ModelTM, applying predictive analytics to help suppliers onboard and realize benefits quickly. Bottomline's onboarding method, combined with Mastercard's virtual card technology, creates a simple, secure and seamless way for businesses to make and receive payments. More and more business customers are using Paymode-X to pay and get paid, with more than 330,000 business members and $182B in B2B payments processed in 2015.

About Bottomline Technologies
Bottomline Technologies (NASDAQ:EPAY) helps businesses pay and get paid. We make complex business payments simple, secure and seamless by providing a trusted and easy-to-use set of cloud-based business payment, digital banking, fraud prevention and financial document 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.

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.

Contact for Media:
Henry Goodwin
Bottomline Technologies
603.380.6106
henry.goodwin@bottomline.com




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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

Source(s) : Bottomline Technologies, Inc.

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