Bottomline Technologies Delivers WebSeries 4

    Business Editors/Technology Editors

    PORTSMOUTH, N.H.--(BUSINESS WIRE)--March 14, 2005--

    Payment Lifecycle Management Software Facilitates Faster Adoption of e-Payments, Mitigates Risk and Increases Visibility into Payments Status

    Bottomline Technologies (NASDAQ: EPAY), a leading global technology provider of financial Business Process Management (fBPM) software and managed services, today announced the release of WebSeries(R) Version 4.
    Based on patented technology, WebSeries is the industry's leading payment lifecycle management platform, providing electronic payment processing, check issuance and fraud prevention capabilities. WebSeries 4 introduces important new features and enhancements, including Vendor and Employee e-Payment Portal capabilities, as well as extended compliance and check fraud protection.
    "This latest WebSeries release features substantial enhancements to benefit Bottomline's customers, including the first out-of-the-box Electronic Payment Management Portal," said Chip Martin, Vice President of Product Management for Bottomline Technologies. "This capability addresses the roadblocks in converting vendors and employees to electronic payments by enabling payees to manage their own payment preferences and remittance delivery methods online. The result is a secure solution that benefits our customers' payees and encourages the transition from paper to electronic payments."
    Acting as a central gateway between ERP systems, such as Oracle and SAP, legacy systems and banks, WebSeries 4 also features a new Payment Risk Management module that enables organizations to detect and withhold suspect payments. This new module provides enhanced Office of Foreign Assets Control (OFAC) verification as well as a host of other suspect payment detection methods. For OFAC, WebSeries 4 employs advanced algorithms to match payee information against the U.S. Treasury Department's current list of specially designated foreign nationals who are forbidden to receive payments. Beyond OFAC compliance, the new Risk Management module also detects many other fraudulent or suspect payment activities, such as duplicate payments, unapproved payments to employee addresses or accounts, and low value, repetitious payments to the same account.
    "Through continuous product innovation, Bottomline Technologies keeps us on a path toward end-to-end financial process automation, and helps Fiserv Investment Support Services fulfill its broader business responsibilities for security and compliance," said David Techmanski, Assistant Treasurer, Fiserv Investment Support Services. "WebSeries 4 will further enhance our ability to identify payment risk and prevent loss before it occurs."
    Further enhancements to the existing WebSeries Check Management module in Version 4 deliver added value to both current and potential customers, and represent some of the most advanced features today for comprehensive payment lifecycle management. The WebSeries 4 Check Management module provides authorized users the ability to initiate, void or stop payment requests, review check reconciliation status and access bank payment activity logs via a secure Web browser. Benefits of these new features include real-time access to payment status information, streamlined payment reconciliation processes and reduced risk of payment fraud.

    Pricing and Availability

    WebSeries 4 is available immediately. For more information on pricing and availability contact Bottomline Technologies at (800) 243-2528, via e-mail at info@bottomline.com or on the Web at http://www.bottomline.com/products_services_fbpm/webseries.shtml.

    About Bottomline Technologies

    Bottomline Technologies (NASDAQ: EPAY) is a leading global technology provider of financial Business Process Management (fBPM) solutions. Bottomline's comprehensive fBPM offerings enable businesses and financial institutions to more effectively manage their critical financial transactions, cash decisions and trading partner relationships, leveraging the Web. Applications include Electronic Payments and Cash Management, Electronic Invoice Receipt and Management, Electronic Invoice Presentment and Payment (EIPP), Electronic Banking, Information Reporting, and Document Output Management. Founded in 1989, Bottomline maintains its corporate headquarters in Portsmouth, NH, and international headquarters in Reading, England. For more information, visit Bottomline on the Web at www.bottomline.com, or dial (800) 243-2528 or (603) 436-0700.

    Bottomline Technologies, the BT logo and WebSeries are registered trademarks of Bottomline Technologies, Inc. All other brand/product names are trademarks of their respective holders.

    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 Bottomline Technologies' financial results, refer to the Company's Form 10K filed September 2004, Form 10Q filed February 2005 and any recently filed Form 8K's.

--30--GK/bo*

CONTACT: Bottomline Technologies Billy Balfour, 603-501-5219 bbalfour@bottomline.com

KEYWORD: NEW HAMPSHIRE INDUSTRY KEYWORD: BANKING SOFTWARE PRODUCT SOURCE: Bottomline Technologies

Copyright Business Wire 2005