Bottomline Technologies (Nasdaq: 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."