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ToDo1 expands SaaS payments product set with Clear2Pay Open Payment Framework solutions

Banco Mercantil customers get new EBPP capabilities

Miami/Brussels, 26 April 2010 – TODO1, a leading Software as a Service e-commerce provider to some of the largest banks in Latin America, announces today at Nacha Payments 2010 that their key customer from Venezuela, Banco Mercantil, has gone live with the new Clear2Pay Electronic Bill Presentment & Payment (EBPP) solution allowing them to gain efficiencies, and reduce costs. The TODO1 customized EBPP solution features 24/7 self-service bill processing and a robust payment engine.

The solution was developed in response to customer requests for both a robust accounts receivable management solution for business and corporate customers, and fully featured payment capabilities for both retail and commercial banking customers within their existing Web-based banking interactions. This Clear2Pay powered EBPP solution that was recently made available to more than 750,000 Banco Mercantil customers and bill service providers is receiving a very positive response.

Felipe Uribe, CEO of TODO1 Services Inc., states: “This is a very exciting milestone for TODO1, our member banks and their customers. Our relationship with Clear2Pay has been very fruitful and expanding for several years. Because of their state-of-the-art Open Payment Platform, we remain competitive in delivering via the SaaS model for our large bank clients. Clear2Pay has consistently delivered high quality and innovative payment solutions that allow us to focus on creating new and innovative payment solutions for our customers and bring those to market in a short time frame.”

Matt Ellis, General Manager of Clear2Pay Americas, adds: “Latin America is a strategic market for Clear2Pay and TODO1 remains our lighthouse client in the region. We see more and more financial service providers who wish to deploy our Open Payment Framework based payment solutions in the SaaS model. This allows them to reduce cost and increase product revenue, so they can focus on their core financial services expertise without worrying about the technology.”

 

About TODO1

TODO1 Services, Inc. is a Miami-headquartered company that enables e-banking and e-business solutions to its shareholders, leading banking institutions in the Latin-American Region and Florida. The company, which has a wide presence in the Andean Region and South Florida, provides services to Banco Mercantil C.A (Venezuela) , Bancolombia S.A (Colombia) and Mercantil Commercebank, N.A (Florida, USA) in order to leverage their leadership in the local and regional markets. TODO1’s product portfolio includes among others, solutions for Retailing and Commercial Online Banking, Cash Management, Electronic Billing Presentment and Payment, a B2B e-procurement platform and B2C e-commerce enablers. More information is available on www.todo1services.com.

 

About Clear2Pay

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 organizations 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 across the widest possible choice of channels. Functions embrace payments origination, reporting, linkage with back-office processing systems, clearing, netting and settlement. In addition, the company markets Integri test tools for end-to-end validation of payment, ticketing and mobile applications. Clients include global and major regional financial institutions such as ING, Banco Santander, Crédit Agricole, VISA, MasterCard, BNP Paribas, The Federal Reserve, PBS (Denmark), The People Bank of China (PBOC), Bank of East Asia, ANZ and Commonwealth Bank. Clear2Pay operates out of Belgium, France, the Netherlands, Poland, Spain, United Kingdom, Senegal, United States, Australia, China, Malaysia and Singapore and currently employs over 500 staff.

More information, please visit www.clear2pay.com

 

For more information:

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

Clear2Pay at Nacha Payments 2010, booth # 218
Press/Analyst Contact
Amber Sunseri
M: +412-334-1422

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