Clear2Pay enables payments unification with the launch of Open Card Switch (OCS)

 An innovative Payment Services Hub solution for both Retail and Wholesale payments

Brussels/Paris, 7 December 2010 – Today at the opening of Cartes 2010 in Paris, Clear2Pay, the international technology provider of next generation payment solutions for financial institutions announces the launch of Open Card Switch, an innovative payment service hub oriented card processing solution. The product is aimed at organisations seeking to capitalise on the current inflexion point in the card processing market to modernise their card payment systems.

The Open Card Switch responds to market demand for processors that want a very dependable cost efficient stand alone solution as well as banks wanting to embrace the card processing entity in a payment hub approach, whereby banks build payment processing factories that handle payments of any type. By coupling easy legacy integration with service oriented technology Clear2Pay is able to manage multiple brands and institutions in a fully multi-lingual, multi-currency approach. In a world where card volumes continue to grow and mergers and acquisitions are the norm, OCS offers near unlimited scalability. The SOA architecture and therefore high level of adaptability, OCS offers all issuers, acquirers, processors and retailers a fast time to market for new products and services without operational disruption.

Warren Gardiner, Clear2Pay’s Chief Strategy and Product Officer states: “The market is gearing up for a turning point, like for like replacements of processing platforms are no longer a given. Banks and other processors now often take a more fundamental and long term view by embarking on payment hub strategies whereby they aim to leverage the processing power and service levels of systems across all payment types. OCS, which is based on the expertise that we acquired with Jware Technologies earlier this year, offers both a strong and competitive stand-alone solution as well as the card solution that banks embarked on hub projects look for. The SOA nature of the product guarantees both stability and scalability and a fast time to market. We are very excited to speak to existing and new customers about this solution, here at Cartes and in sales discussions in the field”.

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About Clear2Pay

Clear2Pay is an innovative financial technology company focused on delivering globally applicable solutions for secure, timely electronic payments. Headquartered in Brussels, Belgium, the company facilitates banks and financial organizations in their provision of payments services. Clear2Pay's technology helps to reduce transactions processing costs, and to deliver new, compelling payment services in a competitive way. Clear2Pay's payment solutions offer organisations easy, branded ways for their customers to pay online: from complex trade-supporting business-to-business environments, through e-commerce applications, to retail payments and remittance services across the widest possible choice of channels. Functions embrace payments origination, reporting, linkage with back-office processing systems, clearing, netting and settlement. In addition, the company markets Integri test tools for end-to-end validation of payment, ticketing and mobile applications.Clients include global and major regional financial institutions such as ING, Banco Santander, CréditAgricole, VISA, MasterCard, BNP Paribas, The Federal Reserve, PBS (Denmark), The People Bank of China (PBOC), Bank of East Asia, ANZ and Commonwealth Bank. Clear2Pay operates out of Belgium, France, the Netherlands, Poland, Spain, United Kingdom, Senegal, United States, Australia, China, Malaysia and Singapore and currently employs over 600 staff. For more information, please visit www.clear2pay.com.

About Open Card Switch (OCS)

The OCS provides comprehensive, high-performance, fault-tolerant card payment services through ATMs, POSs, kiosks and a wide array of self-service devices. The Open Card Switch covers device driving, authorisation, routing, real-time monitoring and management for mission critical ATM and POS networks. The OCS supports a wide array of device types, network connections, card types and processing orchestration. Fully fault-tolerant and highly scalable, the OCS offers customer configurable card payment services that enable the amending or inserting of business rules or new device support without any service interruption. Cost efficiency is improved by being able to support multiple channels and payment types through a common set of payment services. Without the unnecessary cost and complexity of managing duplicated channel and/or payment type specific processing, the OCS presents a single integration point with back office legacy systems. Customer service levels can be significantly improved with a consistent single-view across all customer interface points. Backed up by an open systems philosophy, the OCS integrates multiple real-time information sources to offer a more complete customer view giving better management potential and a more personalised service.

The Open Card Switch features include:

• ATM & POS device driving
• Transaction routing
• Authorisation
• Host and interchange interfaces
• Clearing and settlement
• Management reporting
• Stored-value support
• Security: EMV fully supported, 3DES, PCI PA DSS certified, major HSM supported

For more information:

Clear2Pay NV/SA
Conny Dorrestijn - VP Marketing and Communications
Email: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
M: +31 651 067201