Bottomline Named as Sole Supplier of HSBC Bacs Software
HSBC Bank has selected Bottomline Technologies to become the sole supplier of HSBC’s branded Bacs-IP desktop software. Bottomline will also be the preferred supplier of Bacstel-IP solutions to the bank’s corporate clients. Bottomline has supplied HSBC’s direct debit and credit branded software to its corporate customers for the past five years. As part of the new agreement, Bottomline will migrate these existing customers to HSBC’s new Bacs-IP software. Bottomline will also work closely with HSBC to migrate all its Bacs direct submitter customers smoothly to Bacstel-IP in advance of the industry deadline on 31 December 2005.