Rabobank (NL) Implements Clear2Pay's Open Payment Framework

BRUSSELS and AMSTERDAM, Sept. 28 /CNW/ - Clear2Pay, the international technology provider of next generation payment solutions for financial institutions announces that it has entered into an agreement with Rabobank (NL) for the provision and implementation of a bank wide payments hub powered by the Open Payment Framework (OPF).

The Open Payment Framework will be part of the infrastructure that facilitates the payments processing for the bank's activities in the Netherlands. The first deliverable SEPA Direct Debit (part of the full SEPA suite), will go live by the end of the first quarter of 2011.

Rene Steenvoorden, Chief Information Officer, Rabobank Group states: "After a thorough vendor review we opted for Clear2Pay's Open Payment Framework because of its state of the art technology, which will support us for years to come and its rich and relevant functionality."

Michel Akkermans, Chairman and CEO of Clear2Pay adds: "We are obviously delighted to work with one of the leading banks in our 'home region'. Rabobank proves time and time again that operational excellence sits at the heart of their customer facing strategy. Reliable, fast and cost effective payment services are therefore of vital importance to Rabobank and its (international) customers and this is the joint aim we strive for."

A photograph of the official contract signing is available upon request: [email protected]

About Clear2Pay

Clear2Pay is an innovative financial technology company focused on delivering globally applicable solutions for secure, timely electronic payments and is headquartered in Brussels, Belgium. For more information, please visit http://www.clear2pay.com.

About Rabobank

Rabobank Group is an international financial services provider operating on the basis of cooperative principles. Rabobank Group offers retail banking, wholesale banking, asset management, leasing and real estate services, with emphasis on providing a comprehensive package of financial services in the Netherlands. Internationally the Rabobank Group is focussed on the food and agricultural sector. Rabobank Group is comprised of independent local Rabobanks plus Rabobank Nederland, their umbrella organisation, and a number of specialist subsidiaries. The group entities maintain strong mutual ties. Rabobank Group's total employee base numbers about 58,400 FTEs, who serve approximately 10 million clients in 48 countries.

In terms of tier 1 capital, Rabobank Group ranks among the world's 25 largest financial institutions. Rabobank Group has the highest credit rating, awarded by rating agencies Standard & Poor's, Moody's Investor Service and DBRS.

For further information: Clear2Pay NV/SA, Conny Dorrestijn - VP Marketing and Communications, Email: [email protected], M: [phone]