Clear2Pay is an innovative payments technology company that provides globally applicable solutions for secure, timely, and streamlined payment processing. Its flagship product, the Open Payment Framework , enables financial institutions to enhance internal payment processing efficiencies while offering clients faster services enriched with comprehensive payment-related information. By leveraging a centralized payments engine and a library of reusable business services across all payment types, Clear2Pay allows banks to integrate new service models with existing infrastructures, safeguarding prior investments while transitioning to a more modern and efficient payments environment.
Key Features and Functionality:
- Open Payment Framework : A service-oriented architecture that provides a centralized payments engine, facilitating the processing of various payment types through reusable business services.
- Integrated Invoice-to-Pay: Manages invoices, receipts, routing, approval, and payment execution, streamlining the entire invoice-to-payment process.
- Integrated Payables: Transforms accounts payable departments by automating operations, thereby generating revenue and improving efficiency.
- Enterprise Disbursements: Offers an integrated solution for B2C payments, enabling secure and swift transactions to customers.
Primary Value and User Solutions:
Clear2Pay addresses the challenges financial institutions face with legacy payment systems by offering a modern, flexible, and scalable platform. Its solutions reduce transaction processing costs, enhance operational efficiency, and enable the delivery of new, compelling payment services. By supporting the unification of payment processes across the entire value chain, Clear2Pay empowers banks to meet evolving customer demands and regulatory requirements effectively.