Clear2Pay awarded the 2006 Red Herring 100 Europe

Award recognises the 100 “Most Promising” firms
driving the future of technology

Brussels, May 11, 2006 – Red Herring announced this week at their Venture Market Europe 2006 conference in Paris, that Clear2Pay, the international software vendor of next generation payment solutions for financial institutions, is a recipient of Red Herring 100
Europe, a selection of the 100 private companies based in the EMEA region that play a leading role in innovation and technology.


“Market obstacles remain but our list shows that great companies are being created in Europe,” said Red Herring editor-in-chief Joel Dreyfuss.

Red Herring’s lists of top private companies are an important part of the magazine’s tradition of identifying new and innovative technology companies and entrepreneurs. Companies like Google, eBay and Skype were spotted in their early days by Red Herring editors as those that would change the way we live and work.

Red Herring’s editorial staff rigorously evaluated more than 700 private companies through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development.

Michel Akkermans, Chairman and CEO of Clear2Pay comments: “We are obviously delighted with this acknowledgement, moreover since Red Herring is known to be vigorous when it comes to identifying innovative technology early on that really adds value to the business environment. A realistic entrepreneurial attitude in combination with an optimistic spirit to tackle future issues today is what they were looking for this year, and I see it as a great compliment to our team that we fit that bill”.

About Red Herring

Red Herring, Inc., founded in 1993, is a media company whose mission is to cover innovation, technology, financing and entrepreneurial activity. Its staff of award-winning journalists tell readers what's first, what matters and most importantly, why. Red Herring is dedicated to thorough research, relevant metrics deep financial analysis, in-depth reporting, crisp writing and thoughtful debate. We are a skeptical, intelligent and trustworthy source of information in technology business. Our primary obligation is to provide the most relevant, honest and independent information and analysis to our audience, with the conviction that an exceptional editorial product is the best catalyst for success and the best way to serve our advertisers and investors. Our content is original, compelling and actionable for industry executives and entrepreneurs. A privately held company, Red Herring, Inc. is headquartered in Belmont, California. For more information visit www.redherring.com

About Clear2Pay

Clear2Pay is an innovative payments technology company focused on delivering globally applicable solutions for secure, timely and streamlined payments processing. Clear2Pay's Open Payment Framework (OPF) enables financial institutions to improve internal payments processing efficiencies whilst at the same time provide their clients with better payment services that are faster, with richer payments related information. Clear2Pay's solutions within the Open Payment Framework (SOA) offer financial institutions the ability to process payments through a centralised payments engine that utilises a library of re-useable business services across all payment types. The bank can thus combine new services models with existing infrastructures, thereby protecting previous investments whilst gradually moving to a more modern efficient payments environment. Clients include financial institutions such as ING, SEB Kort, VISA, MasterCard, ABN AMRO, Nordea, DnB NOR, Abbey National, Fortis Bank, NAB, Krung Thai Bank, ANZ and Commonwealth Bank. Clear2Pay operates out of Belgium (HQ), the Netherlands, Germany, Poland, Spain, United Kingdom, United States, China, Australia and Singapore and currently employs over 200 staff. More information is available on www.clear2pay.com

For more information:

Clear2Pay NV/SA
Conny Dorrestijn - VP Marketing and Communications
E:
P: +32 15 79 52 00
M: +31 651 067201