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ToDo1 Expands SaaS Payments Product Set with Clear2Pay Open Payment Framework Solutions

Published 28 April 2010 | By Clear2Pay

Banco Mercantil customers get new EBPP capabilities.

TODO1, a leading Software as a Service e-commerce provider to some of the largest banks in Latin America, announces today at Nacha Payments 2010 that their key customer from Venezuela, Banco Mercantil, has gone live with the new Clear2Pay Electronic Bill Presentment & Payment (EBPP) solution allowing them to gain efficiencies, and reduce costs. The TODO1 customized EBPP solution features 24/7 self-service bill processing and a robust payment engine.

The solution was developed in response to customer requests for both a robust accounts receivable management solution for business and corporate customers, and fully featured payment capabilities for both retail and commercial banking customers within their existing Web-based banking interactions. This Clear2Pay powered EBPP solution that was recently made available to more than 750,000 Banco Mercantil customers and bill service providers is receiving a very positive response.

Felipe Uribe, CEO of TODO1 Services Inc., stated: "This is a very exciting milestone for TODO1, our member banks and their customers. Our relationship with Clear2Pay has been very fruitful and expanding for several years. Because of their state-of-the-art Open Payment Platform, we remain competitive in delivering via the SaaS model for our large bank clients. Clear2Pay has consistently delivered high quality and innovative payment solutions that allow us to focus on creating new and innovative payment solutions for our customers and bring those to market in a short time frame."

Matt Ellis, General Manager of Clear2Pay Americas, added: "Latin America is a strategic market for Clear2Pay and TODO1 remains our lighthouse client in the region. We see more and more financial service providers who wish to deploy our Open Payment Framework based payment solutions in the SaaS model. This allows them to reduce cost and increase product revenue, so they can focus on their core financial services expertise without worrying about the technology."