Rabobank implements Clear2Pay Open Payments Framework

Source: Clear2Pay

Clear2Pay, the international technology provider of next generation payment solutions for financial institutions announces that it has entered into an agreement with Rabobank (NL) for the provision and implementation of a bank wide payments hub powered by the Open Payment Framework (OPF).

The Open Payment Framework will be part of the infrastructure that facilitates the payments processing for the bank's activities in the Netherlands. The first deliverable SEPA Direct Debit (part of the full SEPA suite), will go live by the end of the first quarter of 2011.

René Steenvoorden, Chief Information Officer, Rabobank Group states: "After a thorough vendor review we opted for Clear2Pay's Open Payment Framework because of its state of the art technology, which will support us for years to come and its rich and relevant functionality."

Michel Akkermans, Chairman and CEO of Clear2Pay adds: "We are obviously delighted to work with one of the leading banks in our 'home region'. Rabobank proves time and time again that operational excellence sits at the heart of their customer facing strategy. Reliable, fast and cost effective payment services are therefore of vital importance to Rabobank and its (international) customers and this is the joint aim we strive for."

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