Bottomline Technologies Buyback
OLI recorded this information on 8/17/2021
Bottomline Technologies (Nasdaq: EPAY), a leading provider of financial technology that makes complex business payments simple, smart and secure, today announced that its Board of Directors has authorized a stock repurchase program pursuant to which Bottomline may purchase up to $50 million of its common stock. The authorization will remain in effect for 12 months.
Bottomline Technologies operates payment platforms that facilitate electronic payment and transaction settlement between businesses and vendors. Co. provides solutions that banks use to provide payment, cash management and treasury capabilities to their business customers, as well as solutions that financial institutions use to engage with customers. Co.'s fraud and risk management solutions are designed to monitor and analyze user behavior and payment transactions to flag behavioral and data anomalies and other suspicious activity to gain protection from internal fraud and external financial crime. Co. also provides services for implementation, training, consulting and product enhancement.
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Hold (1.75 out of 4)