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Santander Signs Up for Clear2Pay's Open Payment Framework

Published 19 February 2010 | By Clear2Pay

New Interchange Service Centre aims to streamline group bank payments processing.

6 November 2008: Clear2Pay, the international technology provider of next generation payment solutions for financial institutions has signed a contract with Santander for the implementation of the Open Payment Framework to enable group bank payments processing.

Michel Akkermans, Chairman and CEO at Clear2Pay commented: "We are absolutely delighted that the 'Best Bank in the World', as Euromoney proclaimed in July of this year, found that our standards match theirs. This is a project of vital importance to both of us, and we are delighted to work with a team which has a vast experience through their years of building in-house applications. Now that we have successfully passed the proof-of-concept phase, we are working side by side to reach the end goal: the implementation of the Open Payment Framework and a number of underlying solutions such as SEPA Direct Debit and SEPA Credit Transfer."