Bottomline Technologies and Lloyds Bank Wholesale Banking and Markets Announce Strategic Partnership
Bottomline Technologies and Lloyds Bank Wholesale Banking and Markets Announce Strategic Partnership in the UK
Lloyds Bank to Offer Corporate Customers Value Added Services from Bottomline
PORTSMOUTH, N.H.--(BUSINESS WIRE)-- Bottomline Technologies (NAS: EPAY) , a leading provider of cloud-based payment, invoice, and banking solutions, today announced that it has expanded its partnership with Lloyds Bank in the UK.
Under a new partnership arrangement with Lloyds Bank, Bottomline will provide secure, reliable connectivity to Lloyds Bank's infrastructure, enabling corporate customers to streamline the management of payments, improve operational efficiency and achieve high levels of straight through processing. These solutions will be available as part of Lloyds' Host to Host Connectivity Service, which allows corporates to communicate directly from their ERP, TMS and back office systems to their banking service providers.
"We are looking forward to working with Bottomline, who are well established in our industry as a provider of key services. Their knowledge and understanding of both the corporate sector needs as well as Lloyds Banks's requirements was a critical factor in their selection as a strategic partner," said Mike Rayfield, Senior Product Manager, Transaction Banking, Lloyds Bank.
"We are delighted that Bottomline has been selected as a strategic partner by another major banking group. This selection reflects the strength of our market-leading SaaS-based solutions for the corporate market," adds Norm DeLuca, Managing Director, Banking and Financial Services at Bottomline. "As a trusted partner to Lloyds Bank, we will help corporates leverage SWIFT and other connectivity options to achieve financial and operational process automation, attain greater optimization of working capital and take a more strategic view of cash management opportunities, all of which are essential in today's challenging economic environment."
About Bottomline Technologies
Bottomline Technologies (NAS: EPAY) provides cloud-based payment, invoice and banking solutions to corporations, financial institutions and banks around the world. The company's solutions are used to streamline, automate and manage processes involving payments, invoicing, global cash management, supply chain finance and transactional documents. Organizations trust Bottomline to meet their needs for cost reduction, competitive differentiation and optimization of working capital. 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 BT logo are trademarks of Bottomline Technologies (de), Inc. which may be registered in certain jurisdictions. All other brand/product names are trademarks of their respective holders.
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including but not limited to statements containing the words "will", "believes," "plans," "anticipates," "expects," "look forward", "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 but not limited to competition, market demand, technological change, strategic relationships, recent acquisitions, international operations and general economic conditions. For additional discussion of these and other factors that could impact Bottomline Technologies' financial results, refer to the company's Form 10-K for the fiscal year ended June 30, 2012 and any subsequently filed Form 10-Q's and Form 8-K's or amendments thereto. Any forward-looking statements represent Bottomline's views only as of today and should not be relied upon as representing its views as of any subsequent date. Bottomline does not assume any obligation to update any forward-looking statements.
Jenny Swift, +44 (0) 7788 416 938
KEYWORDS: United Kingdom United States Europe North America New Hampshire
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