Nordea selects ClearPark and EDB for card processing

Strategic partners Clear2Pay and EDB Business Partner co-operate to enable card processing for one of the leading banks in the Nordic and Baltic Sea region.

Brussels , August 2, 2005 - Nordea has selected Clear2Pay’s ClearPark platform as the ASP solution for card processing. As the first step, the ClearPark platform has gone live for Nordea’s clients in Norway. Expansion into Sweden and potentially other Nordic countries is foreseen.

The ClearPark solution allows for worldwide authorisation of payment or business transactions, to be used within a web shop, via web forms, in batch processing or directly linked to back office systems. In addition to handling regular credit cards, such as VISA and MasterCard, ClearPark also offers an extensive Purchasing Card solution. The extensive ClearPark card suite can be integrated with the EDB Card Platform. It is for this specific functionality that Nordea selected Clear2Pay and EDB.

Clear2Pay has delivered the solution in close co-operation with EDB Business Partner, one of the largest processors/service providers operating in Scandinavia and a supplier of operating services to Nordea.

Erik Johansen, Vice President, Acquiring at Nordea comments: “We view ClearPark as an excellent tool for card processing, with a proven track record in the Scandinavian region and beyond. We have opted for an ASP model to get to the market quickly, to stay flexible and be able to react adequately on new market requirements. The co-operation between Clear2Pay and EDB makes it possible for us to align transaction processing on all card products."

Peter Kwakernaak, General Manager Netherlands at Clear2Pay adds: “We are very excited about this joint project with EDB Business Partner and Nordea. The successful implementation of yet another major player in this region paves the way for more in the future. This project is clear evidence of a partnership where strategic intent is transformed into tangible business for our partner and our client’s benefit.”

Eva Trasti, Acting Executive Vice President Solutions at EDB Business Partner states: “With this contract EDB takes a major step forward in serving our bank customers with highly professional payment services. Our collaboration with Clear2Pay is a good example of our strategy of bringing more value to our customers through products from 3 rd parties, integrated and contractually managed by EDB.”

ClearPark clients include: ABN AMRO (NL), BCC (B), SEB Kort (S) and Teller (N).

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 corporates, banks and financial organizations in their provision of electronic payments services. Clients include global financial institutions such as ING, ABN AMRO, SEB Kort, VISA Europe, MasterCard, ANZ, National Australia Bank and Commonwealth Bank of Australia. Clear2Pay operates out of Belgium, the Netherlands, Spain, United Kingdom, Australia and Singapore and employs over 120 staff.
More information is available on www.clear2pay.com.

About EDB Business Partner

With operating revenue of over NOK 4.2 billion (appr. 650 Million USD) in 2004, EDB is a leading IT group in the Nordic region. EDB had over 3,000 employees at the start of 2005, and represents one of the strongest Nordic centres of expertise for the development and operation of IT solutions. EDB is the leading supplier of software solutions and IT Operations to Norwegian banks and the third largest IT Operations supplier in the Nordic region. EDB is listed on the Oslo Stock Exchange under the ticker EDBASA. More information at www.edb.com

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For more information:

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

EDB Business Partner
Helge L'orange - Information Manager
Email:
M: +47 277 255