Thai bank KCS adopts Clear2Pay's next generation payment management solution

Clear2Pay and OGA Syncom co-operate on Krung Thai Computer Services' (KCS) project.

Brussels, 30 September 2004 - Clear2Pay Asia Pacific, in partnership with local company OGA Syncom, have been selected by TNIS (prime contractor to Krung Thai Computer Services) to implement its state-of-the-art ePayments solution as a strategic part of KCS' Government Financial Management Information Systems (GFMIS) project.

The next generation Bank Payment Hub solution provides banks and other financial institutions with a completely automated and integrated payment processing system that securely receives and validates payments of any type, size and format across multiple electronic channels.

As part of the KCS' strategy to provide world class solutions to its national infrastructure and customers, Thai banks need to ensure their payment processing platform is as efficient, convenient, secure and as automated as possible, and Clear2Pay has demonstrated these unique qualities in Thailand as well as in Asia through other recent regional deployments.

The President of OGA Syncom, Khun Wisuit Tassanaim commented: "The solution when implemented will offer an open yet flexible payment platform that provides all banks and other financial institutions within the GFMIS framework with a completely automated and integrated payments processing system".

The new payments infrastructure is aimed to securely receive and validates payments of any size and in any format including Bahtnet, Media Clearing files, corporate and government payrolls, dividends, retirement benefits and super payments.

Over the coming months, the KCS team will work closely with Clear2Pay to implement the new solution based on the system design that both teams have produced. When the solution goes live next year, KCS' customers will benefit from more timely and automated responses regarding the status of their payments, and additional features such as automated payment repair and a secure web-based inquiry facility.

Commenting on the contract win, Clear2Pay's General Manager for the Australasia region, Warren Gardiner said: "We are excited to be working with Krung Thai Computer Services as it validates Clear2Pay as one of the world's leading suppliers of next generation payments management systems, capable of working in any of the international markets".
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About Clear2Pay

Clear2Pay is an innovative e-finance company focused on delivering globally applicable solutions for secure, timely electronic payments. Headquartered in Brussels, Belgium, the company's focus is to facilitate banks and financial organizations in their provision of electronic payments services. Clients include global financial institutions such as ING, SEB Kort, LuottoKunta, VISA Europe, MasterCard, ANZ, National, ABN AMRO, Commonwealth Bank and Reserve Bank of Australia. Clear2Pay operates out of Belgium, the Netherlands, Spain, United Kingdom, Australia and Singapore and currently employs over 120 staff.
More information is available on www.clear2pay.com.

About OGA Syncom Co. Ltd

OGA SynCom was founded in 1995 with the objective of providing system integration expertise in order to enhance existing solutions provided by OGA Telecom and OGA International. With a growing team experienced in hardware/software support, application system development and network system design, OGA SynCom is poised to be the leading Internet/Intranet system Integrator in Thailand.
www.oga.co.th

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Contacts for More Information:

Clear2Pay NV/SA
Conny Dorrestijn - VP Marketing and Communications
E:
M: +31 651 067201


Pictures of Warren Gardiner (Clear2Pay) and Khun Wisuit Tassanaim (OGA Syncom)
are available upon request in pdf format.