Germany's Commerzbank has contracted with Clear2Pay for the deployment of the Belgium-based company's Open Payment Framework (OPF) as a central platform for end-to-end XML processing.
Commerzbank says it will implement OPF as part of a longer term strategic payments renewal project for its clients in and outside Germany.
The project will be implemented in various releases. The first go-live is planned by the end of this year.
Finextra spoke to Commerzbank SVP Thomas Egner and Clear2Pay chief Michel Akkermans about the project at the official signing ceremony at EBAday 2013 in Berlin.