Clear2Pay

Corporate Payment Management

Sophisticated internet banking capability for corporations in two flavours

Corporate Payment Hub allows companies to centralise their banking needs
Business Payments offers optimised payments processing for the bank’s business customers

Corporate Payment Hub

Optimised Payments Processing for Corporations

Corporations are increasingly consolidating their multitude of payment systems into one centrally managed mid-office payment system. This will provide efficiency at lower costs, enhanced processing transparency and a future proof platform that enables the organisation to react quickly and efficient to emerging market demands. These include legislation requirements like Sarbanes-Oxley and IFRS. It also frees corporations from a multitude of high maintenance and complex bank connections.

Clear2Pay's Corporate Payment Hub (CPH) centralises and standardises payment processing, enhances STP and via comprehensive workflow also enables subsidiaries to perform their payment activities. It helps corporations to eliminate the use of multiple local electronic banking systems and standardises bank interfaces without the need to adopt bank specific software and standards.

Clear2Pay has forged the Corporate Payment Hub (CPH) from the core components of the Open Payment Framework (OPF). The Product has been built based on our extensive experience of implementing corporate payment hubs in the market. The Corporate Payment Hub can be seen as a light version of the Bank Payment Hub, built using the same technology with the functionality corporations need.

Corporate Payment Hub brochure 1,1 MB

Case Study PaySquare 500 KB

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Business Payments

Optimizing payments processing for your business customers.

Over the years the payments industry has grown increasingly complex. Unwieldy silos have been created within banks that have caused them to ask the question: should we be in the business of payments? Leveraging new technologies, opportunities have arisen for banks and processors to change their approach towards payments processing. The evolving nature of international payments markets and regulatory changes constrict some tactical and even strategic decisions. Regional initiatives underway around the globe mean all banks, wherever they are located, need international readiness more than ever.

Our value proposition brings financial institutions a future ready open payment solution, which optimizes reusability of existing components and leverages investment in the current payments systems. The comprehensive functionality provided by this Open Payments Framework focuses on Customer Interaction (both online and file transfer), Order Management (middle office) and Payment Execution (back office / payment processing). This allows banks to manage payments from origination through instruction management to execution across their enterprise. By separating the business process from the underlying technology, the Bank Payment Hub enables the required agility in a rapidly changing market. Furthermore, the Bank Payment Hub delivers efficiency, transparency and cost savings in payment operation by removing the silos and migrating to a shared services model.

The Clear2Pay Business Payments solution bridges the gap between the initiation channels of a bank through which payment services are provided and the back-end payment execution systems through which these payments are delivered.

Business Payments brochure 1,1 MB

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