DnB NOR selects Clear2Pay’s Bank Payment Hub platform for its Integrated Nordic Payment Solution (INPS)

Brussels , 13 September 2005 - Clear2Pay, the international software vendor of next
generation payment solutions for financial institutions and corporates, has signed a contract with DnB NOR. The bank’s cash management department will deploy Clear2Pay’s Bank Payment Hub solution allowing DnB NOR’s corporate customers to increase bulk payment volumes, STP and transparency in the full corporate to bank payments value chain.

Clear2Pay, the leading software vendor of next generation payment solutions for financial institutions and corporate, has announced a contract with DnB NOR. The INPS project will use the Bank Payment Hub’s Customer Interaction solution as a part of the bank’s order management system for DnB NOR’s corporate customers. The contract represents a significant win for Clear2Pay and expands its presence in Scandinavia.

The system allows DnB NOR customers to send one single bulk file with payments to be executed from all Nordic branches. The system will identify and validate payments according to (local) rules and regulations and convert files to formats defined by the bank. Acknowledgements, deviation reports, credit/debit advices and statements of account covering all Nordic countries will be delivered to the customer in one or multiple formats according to customer agreement and frequency. The benefits for both DNB NOR and its customers lie in increased STP and improved transparency at a lower cost.

Terje Nilsen, Executive Vice President of DnB NOR said: “DnB NOR is constantly researching and developing new payment methods and products and we have seen an opportunity to develop a NORDIC Payment Service system, which we will be launching later this year. We have selected Clear2Pay to provide the software for this new service as they are able to offer a scaleable solution and the company has extensive knowledge and experience within (international) payments.”

“The DnB NOR contract represents a considerable vote of confidence in Clear2Pay’s people, the Bank Payment Hub platform and underlying strategy from one of the top leading Scandinavian banks,” says Michel Akkermans, CEO and Chairman of Clear2Pay. “Effectively, Clear2Pay has developed a product that is focused on financial institutions’ emerging needs in the payments segment. It allows them to provide better management of payment processing and enhances customer service.”

About Clear2Pay’s BPH Customer Interaction solution

The Customer Interaction solution, part of the Bank Payment Hub suite, enables banks to securely exchange payment instructions and reporting information with corporate or business customers and other banks. The complete set of configurable translation and validation routines manage the payments process before reaching the bank's host systems. Clear2Pay’s Bank Payment Hub product increases STP, reduces costs, provides better management of payment processing and enhances customer service.

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. Clear2Pay's technology helps to reduce transactions
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-tobusiness
environments, through e-commerce applications, to retail payments and micro payments. Functions embrace payments origination, reporting, linkage with back-office processing systems, clearing, netting and settlement. Clients include global and major regional 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 DnB NOR

DnB NOR is Norway's largest financial services group with total assets of more than NOK 1,200 billion. The Group includes
the strong brands DnB NOR, Vital, Nordlandsbanken, Cresco and Postbanken. More information is available on www.dnbnor.com

***

For more information:

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