As part of the agreement, Commerzbank will deploy Clear2Pay’s Open Payment Framework (OPF). OPF will serve as the central platform for XML-processing and interface with new technology and products.
Commerzbank 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 stage is planned for the end of 2013.
Clear2Pay is a financial technology company focused on providing financial services institutions with electronic payments technology. Clear2Pay operates in Belgium, France, the Netherlands, Poland, Spain, United Kingdom, Senegal, US, Australia, China, Malaysia and Singapore.
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