Deutsche Bank taps Bottomline for outsourced payment service

Source: Bottomline Technologies

Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment, invoice and document automation solutions, today at Sibos 2009 announced a partnership with Deutsche Bank to serve as the technology provider for the bank's new Web-based outsourced check generation initiative.

Designed for Deutsche Bank's financial institution clients, this hosted offering leverages Bottomline's WebSeries® platform to provide a comprehensive solution for requesting, approving and printing checks and remittance information locally, across multiple currencies and in a format to clear locally in the beneficiary's country, hence minimizing fees and clearing times. This is the latest engagement between Deutsche Bank and Bottomline focused on increasing payment efficiency, and will allow Deutsche Bank clients to accelerate payment cycle times.

"We are pleased to partner with Bottomline in this important initiative for Deutsche Bank," said Maurice Cleaves, Head of Product Management Europe, Global Transaction Banking at Deutsche Bank. "The introduction of our onsite check printing solution will provide our clients with new opportunities to expand their reach and enable them to more readily respond to the changing payment needs of their corporate customers."

To get to market quickly with a high-volume domestic and international payments capability, banks and financial institutions around the world rely on Bottomline's award-winning WebSeries Global Cash Management platform. A single platform for managing payments and providing real-time cash management reporting, WebSeries delivers the security, reliability and rich functionality necessary to deliver the products and user experience required to strengthen customer relationships and develop new markets.

"We're excited to have the opportunity to expand our existing relationship with Deutsche Bank by providing the technology foundation for this important new client solution," said Rob Eberle, President and CEO of Bottomline Technologies. "Our relationship with Deutsche Bank reflects our commitment as an organization to enabling customers to achieve success and our ability to become a trusted partner to the world's largest banks and financial institutions."

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