PORTSMOUTH, N.H., Oct. 08, 2015 (GLOBE NEWSWIRE) -- Bottomline Technologies (NASDAQ:EPAY), a leading provider of cloud-based payment, invoice and digital banking solutions, today announced a strategic relationship with Fifth Third Bank to provide innovative electronic payment capabilities to its customers.
“Treasurers and CFOs are continually searching for innovative ways to automate their financial supply chain,” says Jeff Siekman, Head of Payment Products at Fifth Third Bank. “Fifth Third Bank customers who currently use Bottomline’s Paymode-X are more efficiently processing payments, while providing a better experience for their suppliers.”
Paymode-X facilitates the online exchange of electronic payments and remittance advices between payers and vendors – all in a user-friendly and intuitive format. Paymode-X is one of the world’s largest business-to-business payment networks with more than 300,000 members. A growing number of companies use Paymode-X to migrate from paper to electronic payments.
“Fifth Third Bank has a great reputation for staying on top of trends in payments, while delivering smart, customized solutions to meet the needs of their customers,” said Rob Eberle, President and CEO of Bottomline Technologies. “We are excited that together with this solution, we can help Fifth Third Bank business customers achieve their payment automation goals.”
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.
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.