Clear2Pay launches Unified Domestic Payments Americas solution for Wire and ACH payments

Brussels/Austin, TX - 4 April 2011

New solution processes all domestic payments on one single platform.

Today, at NACHA Payments 2011, Clear2Pay, the international technology provider of next generation payment solutions for financial
institutions, announces the launch of its Unified Domestic Payments Americas solution for the end to end integration of Wire and ACH payments, allowing the seamless processing of both real time and batch transactions throughout the Americas on a single platform.

Clear2Pay’s Unified Domestic Payments Americas solution provides seamless end to end integration for both Wire and ACH payments. This provides banks with a consistent, reliable and re-useable platform to deliver services to its customers across multiple channels, whether processing single high value funds transfers or batches of thousands of transactions. The initial version of the product will support FedWire, CHIPS, FedACH and EPN in the United States, LVTS and ACSS in Canada and CCA in Chile.

The system complies with current industry standards and regulatory obligations and is fully capable of adapting to future requirements. And being a service oriented modular product built on Clear2Pay’s Open Payment Framework, it enables a phased approach to replacing legacy applications or adding new or improved functions.

Barry Tooker, Senior Product Manager Americas said: “With ageing payment platforms endemic across the industry, we are confident banks will see the value in unifying their low value and high value payment systems. They will find that Clear2Pay with its leading open payment technology and experienced teams is best positioned to help them accomplish these goals, manage risks, reduce costs, and respond to customer and regulatory demands.”

“Building the best quality software is not just about choosing the right platform or design principles, or having the right process in place, but it’s also about choosing the right team to develop, deliver, and maintain it”, said Bill Martijena, Vice President of Product Development Americas. “At Clear2Pay all these factors are aligned to deliver the best product and services for our customers.”

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