Bottomline Technologies Launches Payment Fraud solution for SWIFT Network Members
(Thomson Reuters ONE) -
First-to-market product addresses SWIFT security with real time monitoring and
payment interdiction
PORTSMOUTH, N.H. , April 18, 2017 (GLOBE NEWSWIRE) -- Bottomline Technologies
(NASDAQ:EPAY), a leading provider of technology solutions to help businesses pay
and get paid, today announced that it is leveraging its deep experience in cyber
fraud risk management solutions to launch a new payment fraud solution for
members of the SWIFT payment network.
The solution is being made available to users of SWIFT transactions on
Bottomline's cloud and to on-premise users, including some of the world's
largest banks and financial institutions. It is part of a package of measures
being offered by Bottomline to help customers meet security requirements from
the SWIFT payments cooperative under its recently announced Customer Security
Programme (CSP.)
By June of this year, members of the SWIFT network are required to self-attest
that they meet 16 mandatory controls, including multi-factor authentication and
malware protection. There are also 11 advisory controls which go further,
including intrusion detection and daily validation reports.
The new fraud solution from Bottomline goes beyond the mandatory controls to
include real-time monitoring of user behavior and individual messages, which can
stop potentially fraudulent payments before they take place.
"The payments security landscape is more complex than ever before," said Boaz
Krelbaum, Managing Director of Cyber Security at Bottomline Technologies. "We're
proud to be able to offer SWIFT network members market-leading real-time
protection. The ability to potentially prevent fraudulent payments from being
executed before they happen will give our customers an advantage in the battle
against fraud."
About Bottomline Technologies
Bottomline Technologies (NASDAQ:EPAY) helps businesses pay and get paid. We make
complex business payments simple, secure and seamless. Businesses and banks rely
on Bottomline for domestic and international payments, effective cash management
tools, automated workflows for payment processing and bill review and state of
the art fraud detection, behavioral analytics and regulatory compliance.
Headquartered in Portsmouth, New Hampshire, we delight our customers through
offices across the United States, Europe, and Asia-Pacific. Businesses around
the world depend on Bottomline solutions to help them pay and get paid,
including some of the world's largest systemic banks, private and publicly
traded companies and Insurers.
Every day, we help our customers by making complex business payments simple,
secure and seamless. For more information, visit www.bottomline.com.
Bottomline Technologies and the Bottomline Technologies logo are trademarks of
Bottomline Technologies, Inc. which may be registered in certain jurisdictions.
All other brand/product names may be trademarks of their respective owners.
This press release may contain "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995, including statements
reflecting our expectations about our ability to execute on our growth plans.
Any statements that are not statements of historical fact (including but not
limited to statements containing the words "believes", "plans", "anticipates",
"expects", "look forward", "confident", "estimates" and similar expressions)
should be considered to be forward-looking statements. Actual results may differ
materially from those indicated by such forward-looking statements as a result
of various important factors including, among others, 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' operational and
financial results, refer to our Form 10-K for the fiscal year ended June
30, 2015 and any subsequently filed Form 10-Qs and Form 8-Ks or amendments
thereto. 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.
Contact for Media:
Henry Goodwin
Bottomline Technologies
603.380.6106
henry.goodwin(at)bottomline.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Bottomline Technologies, Inc. via GlobeNewswire
Datum: 18.04.2017 - 15:00 Uhr
Sprache: Deutsch
News-ID 536802
Anzahl Zeichen: 5290
contact information:
Town:
Portsmouth, NH
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 303 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Bottomline Technologies Launches Payment Fraud solution for SWIFT Network Members"
steht unter der journalistisch-redaktionellen Verantwortung von
Bottomline Technologies, Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
