Clear2Pay's e-Security Pack (eSP) compliant with the MasterCard OneSmart™ Chip Authentication Program

Clear2Pay (stand 3C097) participates at Cartes 2005 in MasterCard CAP
authentication test.

Brussels/Paris, 15 November 2005 – Clear2Pay today announced that its authentication product e-Security Pack (eSP) was successfully tested against the MasterCard OneSmart™ Chip Authentication Program (CAP) specification. This approval makes it possible for financial institutions to use Net-Bank, ACS and other card products from Clear2Pay with the popular MasterCard authentication program.

CAP is part of MasterCard's SecureCode™ program, which extends MasterCard's guaranteed payment model to the Internet. CAP is designed to build on the ease of use and security of an EMV -compliant smart card for cardholder authentication through a user's PC. CAP helps provide secure access to online banking services and online purchases via two-factor authentication -- with little impact to the overall shopping experience.

Using CAP, cardholders simply insert their standard EMV card (something they have) into a portable reader that is supplied to them by their bank, and enter their PIN (something they know). Each time they enter their PIN, a one time password is generated and is used to authenticate the user over the bank’s network. Users can then access their online banking services and make online purchases with additional peace of mind. In addition to reducing fraud, CAP helps to reduce password management costs. This solution is supported by both standalone and connected smart card readers.

eSP is a packaged security component which can be easily integrated with and interfaced into Internet portals and frameworks of existing web applications. Its strength lies in the way it integrates the multiple and necessary security devices in compliance with today’s organisation’s requirements. As such it has also been integrated in Clear2Pay’s product suite such as it s internet banking application Net-Bank.

At Cartes 2005 the Clear2Pay team will demonstrate this application, originally developed by EFT, which was recently acquired by Clear2Pay, in co-operation with MasterCard and other Solution Partners. Visitors will be able to test the EMV chip card, issued at the MasterCard booth, by inserting this card into a CAP compliant disconnected card reader to authenticate themselves on the Net-Bank e-banking solution or any other web application via eSP.

“MasterCard partners with leading companies, such as Clear2Pay, to provide its customer financial institutions with the highly secure chip-based cardholder authentication programs needed for e-payment and e-banking channels,” said Dr. Toni Merschen, senior vice president, Chip Center of Excellence, MasterCard International. “The MasterCard OneSmart Chip Authentication Program leverages existing EMV
infrastructure and extends it into the virtual world.”

Patrick Bossaert, sales manager e-Banking and e -Security at Clear2Pay states: “We are delighted that our e-Security Pack successfully tested against the MasterCard OneSmart Chip Authentication Program specification. This solution will help lower entry costs and will provide user-friendly security for online transactions. Our core business is supporting the international financial services industry with leading edge technology, and security is one of the most important aspects today. Compliance and co-operation with world leading players such as MasterCard is imperative for our global clients.”

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About Clear2Pay (stand 3C097 at Cartes 2005)

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, VISA, MasterCard, ABN AMRO, Nordea, Abbey National, Fortis Bank, ANZ and Commonwealth Bank. Clear2Pay operates out of Belgium, the Netherlands, Poland, Spain, United Kingdom, United States, Australia and Singapore and currently employs 200 staff.
More information is available on www.clear2pay.com

About eSP

eSP is a turnkey "end-to-end" Authentication, Signatures & Privileges Management Server. It's a global security middleware which centralizes the security issues of any web-enabled financial application on a bank website. Major benefits are include: cost-effective modular solution, open platform (C or J2EE) and scalable architecture (benchmarks), short "Time to Market" due to easy integration via API's, customisable as single authentication processor or full security framework. In addtion, this evolutive solution is open to new security technologies (i.e. biometrics,..) and supports an
extended choice of integrated tokens and security servers (HSM, Vacman Controller, etc.).

eSP supports and handles, by configuration, various sets of Authentications and e-Signatures, based on tokens or devices ranging from static and dynamic password to crypto calculators and PKI on a range of devices.

eSP also includes SSU, a powerful secured profiling tool, to manage the users and the security administrators privileges. It is a modular solution and includes the following modules: Authentication, Session & Time Out Management, e-Signature & Multiple Signature, Profile & Privileges Management, Tracing / Audit.

For more information:

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

Mastercard International
Christina Rae
E:
T: +32 914 249 4606