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Bank of America and Bottomline Technologies say they will work together on payment and invoice automation. Portsmouth, N.H.-based Bottomline will acquire PayMode, a B of A product that enables the electronic exchange of invoices and payments between companies and their vendors. The transaction includes PayMode’s vendor network. B of A will retain existing PayMode customer relationships and will go on marketing PayMode. The two companies will work together on future versions of payables automation.

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