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Clear2Pay Open Payment Framework Receives SWIFTReady Payments 2010 Accreditation

Published 06 September 2010 | By Clear2Pay

Open Payment Framework test results "demonstrate the high quality of the application".

Clear2Pay, the international technology provider of next generation payment solutions for financial institutions announces that it has achieved full SWIFTReady accreditation for its Open Payment Framework and the payment solutions derived off it and thus has successfully demonstrated full compliance with the SWIFTReady Payments 2010 Label criteria.

The SWIFTReady Payments 2010 Label guarantees that the Open Payment Framework fully meets SWIFT's standards for message support, message validation and information services integration. A special comment was made about the user-friendliness of the technology. "Since our inception in 2002 we have been uniquely dedicated to supplying technology for payment solutions to the international financial services community, and as a pure SOA technology provider, we are fully committed to working with world and industry leading standards such as SWIFT, says Warren Gardiner, Global Head of Product and Strategy at Clear2Pay. "We are extremely proud to have passed the test with flying colours and view this also as a compliment to our development teams around the world. More importantly, our global customers will gain additional confidence from this label by knowing they invest in truly compliant, agile and future-proof technology."

"Developing standards is important, but the real benefit comes from market adoption, therefore vendor compliance is very high on SWIFT’s agenda", states Patrik Neutjens, head of partner management at SWIFT. "Our partner accreditation process is thorough and comprehensive and looks at applications from both a technological and a functional perspective. Clear2Pay has clearly demonstrated that its solution fully meets the criteria SWIFT sets for payments processing solutions."