Clear2Pay's Open Payment Framework Chosen Payments Technology for The Bank of Tokyo-Mitsubishi UFJ, Ltd.

BRUSSELS and LONDON, October 25, 2010 /PRNewswire/ --

- 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. For more information, please visit http://www.clear2pay.com.

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: [email protected]
    M: +31-651-067201

SOURCE Clear2Pay