Bottomline Technologies Expands Service Capacity to Meet Industry Dema

    Business Editors/High-Tech Editors

    PORTSMOUTH, N.H.--(BUSINESS WIRE)--Jan. 18, 2005--

    Consulting and Services Teams Poised to Handle over 1,200 Installations per Month in Support of Year-End Implementation Deadline

    Bottomline Technologies (NASDAQ: EPAY), a leading global technology provider of financial Business Process Management (fBPM) software and managed services, today announced that it has doubled its implementation capacity to meet growing industry demand for BACSTEL-IP delivery.
    As part of the planned growth of its application development and implementation teams, Bottomline now has over 80 professionals deployed to facilitate more than 1,200 BACSTEL-IP installations per month, up from 600 per month in 2004. Capacity is being increased primarily to accommodate the anticipated increased demand for the new subscription service.
    Approximately 50,000 direct users of the existing BACSTEL service must migrate to a new high-speed electronic payments and collection service, known as BACSTEL-IP, before the December 31, 2005 deadline. It is anticipated that nearly 60% of these users will require BACSTEL-IP software to be implemented during 2005.
    "Bottomline continues to keep its implementation capacity ahead of industry demand," said Peter Fortune, President of Bottomline Technologies Europe. "An enhanced resource pool gives us the ability to meet our anticipated installation forecasts for 2005, while taking on new customer commitments and partnerships."
    "We are delighted to see Bottomline reacting so positively to the increased demand," said Mike Hutchinson, BACSTEL-IP Marketing Manager. "It is vitally important that the BACSTEL-IP solution suppliers, together with the banks, work in tandem to ensure a successful migration for their corporate customers."

    For further information

BACS Payment Schemes Limited: BACSTEL-IP Website: www.bacstel-ip.com Ana Bolitho, Tel+44(0) 870 920 8625, email: ana.bolitho@voca.co.uk
    About BACSTEL-IP (www.bacstel-ip.com)

    BACSTEL-IP is the first stage of the technology renewal program designed to meet the rapidly growing demand for electronic payment services. BACSTEL-IP utilizes Internet Protocol and Public Key Infrastructure (PKI) to create a new delivery channel with a multi-layered security platform, providing businesses with the highest level of security in payment submissions. This upgrade represents a major improvement for business customers with even faster payment confirmation and the ability to track the status of payments online.

    About BACS Payment Schemes Limited (www.bacs.co.uk)

    BACS Payment Schemes Limited is the membership based 'not for profit' industry body whose role is to develop, enhance and promote the use and integrity of automated payment and payment related services. It also governs the rules and legal structures under which payments are made and promotes best practice amongst those companies who offer payment services. It's principal products are Direct Debit, Direct Credit, and standing orders. These products generated over four and a half billion transactions from over 100,000 UK businesses of all types during 2004.

    About Bottomline Technologies

    Bottomline Technologies (NASDAQ: EPAY) is a leading global technology provider of financial Business Process Management (fBPM) solutions. Bottomline's comprehensive set of fBPM offerings enables 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 and the BT logo are registered trademarks of Bottomline Technologies, Inc. which may be registered in certain jurisdictions. 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 November 2004 and any recently filed Form 8K's.

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

KEYWORD: NEW HAMPSHIRE INDUSTRY KEYWORD: BANKING SOFTWARE NETWORKING INTERNET E-COMMERCE PRODUCT SOURCE: Bottomline Technologies

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