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Clear2Pay launches PocketBanking solution at Sibos

Mobile channel to banking and payments launched on iPhone platform

Brussels/Hong Kong, 14 September 2009 – Clear2Pay, the international technology provider of next generation payment and e-banking solutions for financial institutions announces today the availability of a full PocketBanking suite of solutions, based on its OPF platform and connecting to its eBanking suite of products. An integrated demo of the mobile “On Board” banking solution based on an iPhone applet is being showcased at booth 1-D18 at Sibos, Hong Kong.

After the advent of Internet, which allowed customers to do banking transactions ‘anytime’, the emergence of mobile and wireless technology has added the mobility ‘anywhere’ component. This technology wave enables customers to access their bank account, obtain information and execute transactions on a range of functionally rich hand held devices. The proliferation of smart phones and mobile devices across the world and the availability of substantially more bandwidth have only sparked this development. In May 2009 TowerGroup* research indicated that the US mobile banking market alone will grow from 10 million active users in 2009 to over 53 million by 2013, representing a compound annual growth of 51,8%. In emerging markets such as China and Africa we can expect to see even higher adoption rates are expected.

The 100% mobile Clear2Pay PocketBanking solution will be launched at Sibos on the Apple iPhone, but will be available on all smart phones. PocketBanking can be set up via SMS transactions, mobile internet transactions (on a mobile device through internet web site), or transactions via Mobile ‘On-Board’ banking enabled application, whereby customers do not need to go on the internet but connect through an applet on the mobile device with embedded security. DIGIPASS® for Mobile from VASCO Data Security is embedded in the Mobile “On Board” Banking product, which guarantees banking institutions and end users the first strong authentication solution for mobile devices using time and event-based response. All normal banking services are available: Mini statements, Account history (Check and search), Internal and third party transfers.

Mark Hartley, VP Global Strategy and CMO comments: “Even the current economic crisis does not seem to curb the appetite for mobile banking, on the contrary, in a time when consumers and businesses need to monitor their expenses and cash flow, instant information and transaction capability are key. We are also very active on the African continent and we find that in those countries, the mobile phone is often the entry point for unbanked customers.”

He continues: ”Banks around the world recognise these factors and mobile banking has turned the corner from‘nice to have’ to a deep and rich offering whereby mobile banking services can be integrated with payments, reporting and other online banking systems. This enables banks to offer value added service to consumers and business clients in return for more self-service, which when smartly integrated leads to more segmentation and personalisation. We therefore view PocketBanking both as the mobile device front-end to our Open Payment Framework as well as a stand-alone mBanking solution.”

  • TowerGroup Research note:
    “From Niche Play to Mainstream Delivery Channel, US Mobile Banking Forecast 2008-13.”

 

About Clear2Pay - booth 1-D18

Clear2Pay is an innovative financial technology company focused on delivering globally applicable solutions for secure, timely electronic payments. Headquartered in Brussels, Belgium, the company facilitates banks and financial organisations in their provision of payments services. Clear2Pay's technology helps to reduce transactions processing costs, and to deliver new, compelling 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 remittance services. Functions embrace payments origination, reporting, linkage with backoffice processing systems, clearing, netting and settlement. Clients include global and major regional financial institutions such as ING, Banco Santander, Crédit Agricole, VISA, MasterCard, ABN AMRO, Nordea, Abbey National, Fortis Bank, ANZ and Commonwealth Bank. Clear2Pay operates out of Belgium, France, the Netherlands, Poland, Spain, United Kingdom, United States, Australia, China, Malaysia and Singapore and currently employs over 450 staff.

More information is available on www.clear2pay.com

 

About PocketBanking

Clear2Pay PocketBanking provides embedded banking solutions for smartphones that enable flexible and efficient customer access to their bank accounts, all highly secured through Vasco’s DIGIPASS® for mobile. Built on Clear2Pay’s Open Payment Framework (OPF), PocketBanking offers banks a comprehensive range of secure financial and banking services through various mobile smartphones. PocketBanking comes in three distinct flavours; SMS based, Mobile Internet Banking (MIB) through HTML and Mobile On-board Banking (MOB) with applets connecting to eBanking infrastructure. PocketBanking offer classical eBanking functionality through mobile devices; mini statements, account history, search, international and domestic transfers, remittances, etc. Whether an initial entry point into mobile financial services, or a means of offering an unrivalled continuity of Service globally, PocketBanking facilitates the attraction of new clients and new markets - the On-board bank in your pocket.

Download the PocketBanking brochure

 

For more information:

Clear2Pay NV/SA
Booth 1-D18, Hong Kong
Conny Dorrestijn - VP Marketing and Communications
E:
T: +31 651 067201

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