MEDIA RELEASE PR41867
Clear2Pay's Open Payment Framework Chosen Payments Technology for the Bank of Tokyo-
Mitsubishi UFJ, Ltd.
BRUSSELS and LONDON, Oct. 25 /PRNewswire-AsiaNet/ --
- SDD First Solution to go Live on a Centralised European Platform
Clear2Pay, the international technology provider of next generation
payment solutions for financial institutions announces that The Bank of
Tokyo-Mitsubishi UFJ, Ltd. have opted for its Open Payment Framework (OPF)
technology to power a new centralized European payments platform.
"As we were in the middle of our orientation process for SEPA solutions,
we opted for a central hub approach in order to match the need to implement
SDD. Clear2Pay had, besides the right technology and the process orientation,
a responsive attitude that matches our ambition, objectives and management
style. They have been professional and efficient and have embraced the
project in a collaborative manner, which is very important when embarking on
a longer term strategic exercise, such as the European payments platform,"
states Mr. Tetsuya Hirano, Vice-President, Transaction Services Group,
European Planning Division at The Bank of Tokyo-Mitsubishi UFJ, Ltd.
Mark Hartley, Managing Director UK and Nordics, states: "We are delighted
to work with The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a very lean run
bank, operating in a highly competitive landscape. The Open Payment Framework
is the perfect scalable fit for such an agile environment. We are able to
migrate and implement over time towards a platform that will sit at the heart
of its European activities, managing both UK Sterling and Euro payments
across a range of types on one single platform."
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.
About The Bank of Tokyo-Mitsubishi UFJ, Ltd
The Bank of Tokyo-Mitsubishi UFJ, Ltd., a subsidiary of Mitsubishi UFJ
Financial Group, is Japan's leading bank with over 800 branches in Japan, 40
million retail customers and over 400,000 corporate customers.
The Bank of Tokyo-Mitsubishi UFJ, Ltd. also has offices in more than 40
countries worldwide spanning Asia, the Americas, Europe, the Middle East and
Africa, while BTMU's subsidiary, Union Bank, N.A. (formerly Union bank of
California), has about 400 branches, mainly in California.
For more information:
Clear2Pay NV/SA
Conny Dorrestijn - VP Marketing and Communications
Email: conny.dorrestijn@clear2pay.com
M: +31-651-067201
SOURCE: Clear2Pay
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