Clear2Pay awarded Financial-I Leaders in Innovation Award for Most Innovative e-Payments Solution

Brussels - 9 January 2007

Independent jury recognises companies that demonstrate an ongoing commitment to product innovation

Clear2Pay, the international software vendor of next generation payment solutions for financial institutions, has been awarded the Financial-I Leaders in Innovation Award for its electronic payments solutions. In the inaugural Leaders in Innovation Awards, Financial-I acknowledges the companies that “help financial institutions achieve the levels of speed, transparency and automation required to survive in today’s heightened regulatory and competitive environment”.

In the full report that came out this week, the jury stated that Clear2Pay’s payments solutions are built around the latest developments in the payments space and that “new regulatory developments such as SEPA and the UK Faster Payments Initiative require the flexibility that firms such as Clear2Pay are building into their systems.”

Michel Akkermans, Chairman and CEO of Clear2Pay commented: “We are obviously delighted with this recognition by the industry. We understand that the jury spoke to clients and industry experts and obviously their opinions matter most to us. We have committed ourselves to our chosen technology path, which requires substantial upfront investments. We see that our (prospective) clients look for solutions that are scaleable and flexible and that fit into their current environments. This however is no longer sufficient; banks look for a pay-back in the sense of enhanced customer service levels, faster product innovation and marketing, more cost effective processing and excellent reporting and compliance levels.” He continues: “Some or our most recent contract wins were based on precisely those features and capabilities”.

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