Third-Party Evaluation Validates Platform’s Multi-Layered Approach for Identifying and Preventing Internal and External Threats
PORTSMOUTH, N.H. & SAN FRANCISCO--(BUSINESS WIRE)--Bottomline Technologies (NASDAQ: EPAY - News), a leading provider of collaborative payment, invoice and document automation solutions, today at the 2009 AFP Annual Conference announced that its WebSeries® Global Cash Management platform received high marks for security as part of an independent, third-party evaluation.
This latest evaluation is part of Bottomline’s rigorous security assessment program, which is designed to ensure that threat prevention mechanisms inherent in WebSeries are capable of addressing the evolving needs of global banks and financial institutions. In addition to following industry best-practice Web development methodologies, WebSeries’ multi-layered approach to security prevents ‘trusted’ users from usurping their administrative rights at the application and database levels. By leveraging WebSeries standard product, updates to the newest security threats can be addressed quickly and without potentially costly delays.
“We conducted an extensive evaluation of the robust security functionality in Bottomline’s WebSeries platform and the product excelled across all areas of our testing,” said Ed Adams, President and CEO of Security Innovation. “It’s evident from the results that Bottomline has architected a solution that surpasses user expectations for threat prevention within a global cash management solution.”
“Security requirements are always changing for banks and financial institutions, particularly with regard to the threat posed by internal users,” said Eric Campbell, Chief Technology Officer of Bottomline Technologies. “Internal user fraud is not only more devastating, it is a more likely scenario than an external attack. With WebSeries, we’ve taken a very proactive approach to application security, constantly testing and evaluating our solution to ensure it exceeds the expectations of our clients and delivers the protection of data and reputation they require from a cash management solution.”
To get to market quickly with high-volume domestic and international payments capabilities, 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.
Editorial Note: Bottomline will be exhibiting in booth 1833 at the AFP Annual Conference, October 4-7, 2009 in San Francisco. To arrange an on-site meeting, please contact Billy Balfour at 603-501-5219.
Calculate the Environmental Savings
To help raise awareness of the environmental benefits achieved by transitioning from paper to electronic processing, Bottomline has posted a green savings calculator on its Web site at: www.bottomline.com/cash_management_goes_green/.
About Bottomline Technologies
Bottomline Technologies (NASDAQ: EPAY - News) provides collaborative payment, invoice and document automation solutions to corporations, financial institutions and banks around the world. The company’s solutions are used to streamline, automate and manage processes involving payments, global cash management, transactional documents and invoice approval. Organizations trust these solutions 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, WebSeries 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.
Cautionary Language
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are competition, market demand, technological change, strategic relationships, recent acquisitions, international operations and general economic conditions. For additional discussion of factors that could impact Bottomline Technologies' financial results, refer to the Company's Form 10-K filed September 2009 and any recently filed Form 8-Ks. Any forward-looking statements represent our views only as of today and should not be relied upon as representing our views as of any subsequent date. We do not assume any obligation to update any forward-looking statements.
Bottomline Technologies
Billy Balfour, 603-501-5219
bbalfour@bottomline.com
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