Clear2Pay implements new Corporate2Bank solution at ANZ Bank

Next generation payment system enables ANZ Bank (Australia) to offer a new payables and receivables service (ANZ WebLink) over the Internet.

Sydney/Brussels, June 6, 2005 - Australian and New Zealand Banking Group Limited (ANZ) has gone live with Clear2Pay's corporate electronic payments platform to meet the demands of their corporate customers for an internet-based, flexible and protected payment environment. Clients can now deliver payments directly from their host-to-host system or manually via a thin-client browser.

The solution is a jointly developed next generation corporate2bank payments platform, based on the proven technology from Sienna Technologies, which merged with Clear2Pay in 2004. The corporate2bank solution is designed to reduce operational silos, increase Straight-Through-Processing whilst reducing manual processing, and offer a bank the ultimate in flexibility for the provision of value added payment services to its customers.

Ahead of increasing market pressure from corporate clients, clearly voiced at industry events such as Sibos, ANZ decided to meet the needs of their corporate clients with a range of additional functionality. To name but a few: clients can now electronically send bulk payments, remittance advices and cheques, receive information on returned items and statement information on nominated accounts.

Warren Gardiner, VP Australasia for Clear2Pay has been involved with the project since its inception: "ANZ realised over a year ago already that their corporate customers really deserved a more flexible product in terms of being able to handle different formats, improved straight-through processing and scalability. We were delighted to be selected to provide this platform for a reputable bank such as ANZ. Corporate payments have always been core to our product offering and we have translated market needs such as ability to handle multiple standards and the inclusion of remittance data in our end-to-end payment offering."

Guy Whitcher, Head of Cash Management & Transaction Services at ANZ Bank states: "Corporate customers are vital to our success as a leading bank, we wish to demonstrate technology leadership in order to make sure that our customers benefit through leaner, more flexible, efficient and user-friendly products. This means amongst others that the users of our corporate clients can now view, edit and release payments online and remove limitations on the size of files processed. Flexibility was a main internal driver behind this choice, as well as the need to decrease both the level of manual intervention in the payment chain as well as our reliance on legacy systems. We have worked with Sienna Technologies for many years and the merger with Clear2Pay has only strengthened their offer and positioning."

About Clear2Pay

Clear2Pay is an innovative e-finance company focused on delivering globally applicable solutions for protected, 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. Clear2Pay's technology helps to reduce transaction processing costs, and to deliver new, compelling e-payment services in a competitive way. Clear2Pay's payment solutions offer organisations easy, branded ways for their customers to pay online: from complex trade-supporting business-to-business environments, through e-commerce applications, to retail payments and micro payments. Clients include global and major regional financial institutions such as ING, SEB Kort, LuottoKunta, VISA Europe, MasterCard, ANZ, National, ABN AMRO, Commonwealth Bank, Krung Thai Computer Services (KCS) 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.