Clear2Pay wins e-payment solution contract at National Australia Bank.

Sydney/Brussels, 9 February 2006 – Clear2Pay, the international software vendor
of next generation payment solutions for financial institutions, today announced its
appointment by the National Australia Bank to develop an internet-based payments solution for its electronic banking service for businesses.

Mark Hartley, VP Strategy at Clear2Pay said the system provides a secure, easy to use browser-based front end for both customers and bank staff, as well as a payments hub for the execution of payments. “The Bank Payment Hub solution is designed to reduce operational silos, increase Straight-Through-Processing whilst reducing manual processing,” Mr Hartley said.

Michel Akkermans, CEO and Chairman of Clear2Pay adds: “We are delighted to work with another leading institution in Asia Pacific. Our commitment to this region is demonstrated by the sizeable teams we have in Sydney and Melbourne, which are a key part of our international development team as well as a regional sales and support office”.

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-to business 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, Germany, Poland, Spain, United Kingdom, United States, China, Australia and Singapore and currently employs 200 staff.
More information is available on www.clear2pay.com

About Bank Payment Hub

The Bank Payment Hub 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. With this flexibility and scalability in mind Clear2Pay has decoupled payment business processes from the underlying functional components that perform the work defined by a Business Process Engine. By taking this approach, changes can be made either to the business process or the underlying components without adverse effect on business continuity achieving the goal of maximum flexibility.

Bank Payment Hub has been built to provide a future proof solution to the rapidly changing requirements of today’s payments systems. A service oriented architecture based on J2EE standards, the Bank Payment Hub brings the benefits of re-using existing well-functioning modules together with new payments components through a Business Process Manager. The Business Process Manager plays a central role invoking components that are “process context-less” in the sense that they are called upon to execute their function and return the result. The Bank Payment Hub is positioned between the back office at the core of the bank and the different delivery channels and it comes with added-value functions to enrich, route and manage payments. Functional components include the following: Receive Payments, Split Bulk Payments, Validation, Notification Handling, Matching, Warehousing, Scheduling, Archiving, Repair, Pre-advice, Check Balance, Fraud Detection and Anti-Money Laundering, Routing and Fee calculation, General Ledger Posting, Reconciliation, Internal Control and Audit.

For more information:

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