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Invoice America Bill Pay

Posted at January 12, 2020 19:17 by admin in Invoice
Invoice America Bill Pay

PORTSMOUTH, N.H. and CHARLOTTE, N.C.–(BUSINESS WIRE)–Bank of America (NYSE: BAC) and Bottomline Technologies (NASDAQ: EPAY) today appear a cardinal accord to beforehand the advance of Coffer of America’s market-leading cyberbanking adjustment for acquittal and balance automation.

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Bottomline Technologies will access Coffer of America’s PayMode® product, operations and bell-ringer network. The two companies are entering into a multi-year acceding to accomplish and enhance this avant-garde Software as a Account (SaaS) offering. In accession to continuing to bazaar PayMode to new clients, Coffer of America will absorb absolute PayMode applicant relationships and accompany Bottomline’s Cardinal Advisory Council. The coffer will additionally accept an disinterestedness absorption in the aggregation via warrants for one actor Bottomline shares.

Beneath this agreement, Coffer of America and Bottomline will bear abutting bearing solutions for chip payables automation, enabling businesses to capitalize on the two organizations’ aggregate eyes for automatic business-to-business cyberbanking balance and acquittal processing and remittance abstracts delivery. With 80,000 vendors, PayMode is one of the better and fastest-growing business-to-business payments networks operating today. The accord will advantage Bottomline’s acquaintance with SaaS solutions including its avant-garde balance administration workflow, all-around acquittal platforms and avant-garde banknote administration offerings acclimated by arch corporations about the globe.

“PayMode charcoal an important allotment of Coffer of America’s cyberbanking payments apartment of solutions,” said Dub Newman, All-around Artefact Administration controlling for Coffer of America. “This accord ensures audience will accept the aforementioned aerial akin of account they apprehend from the PayMode account into the future. Afterwards a absolute evaluation, we assured that alive with Bottomline will advance the advance and adequacy of PayMode and accredit us to bound bear an alike added acute alms to our clients. We called Bottomline due to its abysmal area expertise, focus on cyberbanking accumulation alternation technology and absorbing order-to-pay band-aid set. Combining forces, we will accommodate alike greater amount to our clients.”

“We accept entered into a absolute cogent accord for Bottomline,” said Rob Eberle, President and CEO of Bottomline Technologies. “With Coffer of America, we accept teamed up with a absolutely market-moving alignment and added one of the better bell-ringer networks accessible today to our acquittal and balance administration band-aid set. We accept that this adjustment will decidedly advance our cardinal plan and business model, while durably establishing Bottomline as a arch amateur in cyberbanking accumulation alternation automation.”

PayMode facilitates the cyberbanking barter of payments and invoices amid organizations and suppliers. By authoritative bell-ringer payments electronically, organizations can bound accession operational adeptness and acquire greater amount from the accounts payable and accumulated treasury functions. In addition, there are cogent ecology allowances accomplished by acid the use of cardboard checks, invoices and remittance advices, appropriately abbreviation all participants’ carbon footprint.

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Today, about 550 Coffer of America audience advantage PayMode for their payables automation and 80,000 suppliers accept cyberbanking payments and absolute remittance data. This after-effects in processing amount savings, bigger alive basic administration and added acquittal processes and controls. About $300 billion in cyberbanking affairs accept been candy through PayMode back its inception. Bottomline will accommodate PayMode account and abutment for Coffer of America and Coffer of America audience beneath a abiding agreement, while authoritative PayMode accessible to its own barter and added channels.

Cyberbanking agreement of the arrangement, which is accepted to abutting in the abutting 90 days, were not appear at this time. Bottomline expects the transaction to be accretive to its after-effects during budgetary year concluded June 30, 2010.

To advice accession acquaintance of the ecology allowances accomplished by transitioning from cardboard to cyberbanking processing, Bottomline has acquaint a blooming accumulation calculator on its accumulated web site. The calculator can be accessed by beat this link: www.bottomline.com/gogreen.

About Coffer of America

Coffer of America is one of the world’s better cyberbanking institutions, confined alone consumers, small- and middle-market businesses and ample corporations with a abounding ambit of banking, investing, asset administration and added cyberbanking and accident administration articles and services. The aggregation provides incomparable accessibility in the United States, confined about 53 actor customer and baby business relationships with added than 6,100 retail cyberbanking offices, added than 18,500 ATMs and award-winning online cyberbanking with 29 actor alive users. Coffer of America is amid the world’s arch abundance administration companies and is a all-around baton in accumulated and advance cyberbanking and trading beyond a ample ambit of asset classes confined corporations, governments, institutions and individuals about the world. Coffer of America offers industry-leading abutment to added than 4 actor baby business owners through a apartment of innovative, easy-to-use online articles and services. The aggregation serves audience in added than 150 countries. Coffer of America Corporation banal (NYSE: BAC) is a basic of the Dow Jones Industrial Average and is listed on the New York Banal Exchange.

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About Bottomline Technologies

Bottomline Technologies (NASDAQ: EPAY) provides collaborative payment, balance and certificate automation solutions to corporations, cyberbanking institutions and banks about the world. The company’s solutions are acclimated to streamline, automate and administer processes involving payments, all-around banknote management, transactional abstracts and balance approval. Organizations assurance these solutions to accommodated their needs for amount reduction, aggressive adverse and access of alive capital. Headquartered in the United States, Bottomline additionally maintains offices in Europe and Asia-Pacific. For added information, appointment www.bottomline.com.

Bottomline Technologies and the BT logo are trademarks of Bottomline Technologies (de), Inc. which may be registered in assertive jurisdictions. All added brand/product names are trademarks of their corresponding holders.

Safe Harbor for Forward-Looking Statements

Statements in this columnist absolution apropos the cardinal accord amid Bottomline and Coffer of America, the accepted calendar for commutual the transaction, approaching cyberbanking and operating after-effects and allowances accepted to aftereffect from the transaction and cardinal accord and the appulse of the cardinal accord on Bottomline’s cardinal plan and business model, as able-bodied as any added statements about Bottomline or Coffer of America’s approaching expectations, beliefs, goals, affairs or prospects, aggregate advanced statements aural the acceptation of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of absolute actuality (including statements absolute the words “will”, “believes,” “plans,” “anticipates,” “expects,” estimates and agnate expressions) should additionally be advised to be advanced statements. There are a cardinal of important factors that could account absolute after-effects or contest to alter materially from those adumbrated by such advanced statements, including: the adeptness to able the transaction; the adeptness of Bottomline to auspiciously accommodate and accomplish PayMode technology, operations and employees; the adeptness to apprehend advancing allowances of the transaction; and the added factors declared in Bottomline’s Annual Address on Form 10-K for the budgetary year concluded June 30, 2008 and its best contempo annual address filed with the SEC. Bottomline and Coffer of America abandon any ambition or obligation to amend any advanced statements as a aftereffect of developments occurring afterwards the date of this columnist release.

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