Bottomline Acquires BofA’s PayMode Solution

Bottomline Technologies (NASDAQ: EPAY), a top provider of collaborative payment, invoice and document automation solutions, right now announced that the Society for Worldwide Interbank Monetary Telecommunication (SWIFT), the global provider of safe economic messaging solutions, has authorized Bottomline to send and receive electronic invoices as a service provider over the SWIFT network. At Bottomline Technologies we provide you Transform, a sophisticated document management and procedure automation solution which readily integrates into your existing monetary and details management options. The creating finishes relate to the company’s brand colour – Bottomline Blue – and are carried all through satellite places which includes Connecticut, Maine and New York. Business Wire , a Berkshire Hathaway company, is utilized by tens of thousands of member companies and organizations worldwide to functionally enhance and communicate investor relations and public relations content to target audiences. Bottomline Technologies and the BT logo are trademarks of Bottomline Technologies (de), Inc.

Bottomline Technologies gives collaborative payment, invoice and document automation solutions to corporations, financial institutions and banks about the globe. I keep with the view that lengthy-term investors can hold the stock as lengthy as it trades above the main support region. If the stock can break by means of this level, anticipate to see heavy volume drive the stock higher. I want to watch the stock once again tomorrow, simply because the stock is sturdy and receiving stronger each and every day it appears.

If the stock can hold above this help zone we could assist to a rebound for a retest of December highs. Nowadays over ten,000 organizations depend on Bottomline options to support power their good results, including 60 of the Fortune one hundred and 80 of the FTSE (Financial Occasions Stock Exchange) one hundred. Bottomline’s solutions are differentiated by spanning not only payments but also invoice automation,” comments Nigel Savory, Managing Director Bottomline Technologies International Organization Options.

Bottomline Technologies is a established technology companion in the payments and cash management domain, possessing relationships with more than 1,400 financial institutions about the globe, including over 1/three of the banks in the US with > $10B in assets. The move came on the announcement of Barrington Research preserving its Outperform rating on the stock. There are hundreds of businesses establishing the technologies that will make location universal.

Initiatives that support this in this location of company to organization payments are always welcomed.” Lord Digby Jones will be a featured keynote speaker at the upcoming Bottomline Technologies Conference on September 22nd in Birmingham. So make confident to maintain an eye on this stock going forward to see if Friday’s move higher can last. Bottomline Technologies will acquire Bank of America’s PayMode® item, operations and vendor network.