Payments Processing Leader Clear2Pay Joins GlobalPlatform
15 November 2011 – GlobalPlatform today announces that Clear2Pay, an international leader in next generation payment solutions for financial institutions, has become its latest Participating Member.
Clear2Pay will bring a wealth of payments processing, cards and testing expertise from the payments market to support GlobalPlatform in the standardization and management of applications on secure chip technology.
The company joins the association as a Participating Member, which enables it to fully contribute in GlobalPlatform’s Device Committee, where it will provide input into the development of specifications for the Trusted Execution Environment (TEE).
Clear2Pay will also participate in the GlobalPlatform Compliance Program, which in 2012 will focus on developing the test tools to evaluate the functional compliance of a TEE product to GlobalPlatform Specifications.
Marie Costers, Head of Test Tools Competence Centre, Clear2Pay, comments: “At Clear2Pay, we are all very enthusiastic about joining GlobalPlatform. Our Participating Membership means that we can bring our technical expertise at the forefront of the payments industry to the standards which will ensure security in an industry where trust is vital. Our collaboration on standards stands to benefit all the stakeholders in the chip community, from technology innovators to customers and end users of the resultant applications.”
Kevin Gillick, Executive Director of GlobalPlatform, adds: “Clear2Pay is a global player in payments processing and testing, and has an enviable breadth of products and services that span the whole payment value chain between the buyer and seller, so their contribution to GlobalPlatform will be invaluable. We welcome their engagement and look forward to reaping the benefits of their expertise, technical knowledge and experience in our standards development work.”
For further details on different membership opportunities at GlobalPlatform visit: http://www.globalplatform.org/membershiplevels.asp
About GlobalPlatform
GlobalPlatform is a cross industry, not-for-profit association which identifies, develops and publishes specifications which facilitate the secure and interoperable deployment and management of multiple embedded applications on secure chip technology. Its proven technical specifications are regarded as the international industry standard for building a trusted end-to-end solution which serves multiple actors and supports several business models.
The freely available specifications provide the foundation for market convergence and innovative new cross-sector partnerships. The technology has been adopted globally across finance, mobile/telecom, government, healthcare, retail and transit sectors. GlobalPlatform also supports an open compliance program ecosystem to ensure the long-term interoperability of secure chip technology.
As a member-driven association with cross-market representation from all world continents, GlobalPlatform membership is open to any organization operating within this landscape. Its 60+ members contribute to technical committees and market-led task forces. www.globalplatform.org
About Clear2Pay
Clear2Pay is a payments modernisation company that actively supports many global financial institutions to meet their payments unification goals through its pure SOA Open Payment Framework (OPF). Headquartered in Brussels, Belgium, the company facilitates banks and financial organisations in their provision of payments services, whether they be Card, ACH, Branch, Bulk, High Care or International payment transactions. Clear2Pay’s innovative technology helps to reduce transactions processing costs, and to deliver new, compelling payment services in a competitive way. Functions embrace payments origination, reporting, linkage with back-office processing systems, clearing, netting and settlement. In addition the company offers a range of value added payment technology solutions and services such as e-Banking, the Open Test Platform, ChargeBack, Strategic Consultancy and Payments Training through a dedicated Academy. Clients include global and major regional financial institutions such as ING, Banco Santander, Crédit Agricole, MasterCard, BNP Paribas, The Federal Reserve, NETS (Denmark), The People Bank of China (PBOC), Bank of East Asia, Rabobank, The Co-operative Financial Services and Commonwealth Bank. Clear2Pay operates out of Belgium, France, the Netherlands, Poland, Spain, United Kingdom, United States, Australia, China, Malaysia and Singapore and currently employs over 750 staff. Recently, the company was awarded the XCelent Customer Base 2010 award for its undisputed largest payment hub customer base, both live and under implementation and ranks 81 in the FinTech100. For more information, please visit www.clear2pay.com.
For more information:
Clear2Pay NV/SA
Steve Lacourt– Marketing and Communications Test Tool Competence Centre
Email: steve.lacourt@clear2pay.com
T: +32 2 717 69 45
Conny Dorrestijn – VP Corporate Marketing and Analyst Relations
Email: conny.dorrestijn@clear2pay.com
T: +31 651 067201
