Is Bottomline Technologies (EPAY) Undervalued? A Comp to EPAY-owned Paymode-X Suggests “Yes”.<span class="badge-status" style="background:red">Premium</span> 

Is Bottomline Technologies (EPAY) Undervalued? A Comp to EPAY-owned Paymode-X Suggests “Yes”.Premium 

Hidden gems. One never knows when he or she may stumble upon such an asset. Paymode-X is one such example.

Tickers mentioned in this note and/or podcast: AAPL, AMZN, AXP, BAC, EPAY, FB, FISV, GOOG, GPN, MA, PYPL, SQ, TFC, V

A decade ago Bottomline Technologies (ticker: EPAY), acquired B2B payment network “Paymode-X” from Bank of America. We looked to a Paymode-X competitor that was recently in the news to value Paymode-X as a standalone business. Paymode-X appears poised to have its day in the sun.

The Payments sector has had its share of attention during the past decade:

On the B2B payments side, well-known brands such as American Express and Visa (VisaNet), compete with lesser-known payment networks such as Paymode-X (owned by Bottomline Technologies) and Charlotte-based AvidXchange.

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