Clear2Pay raises $14,800,000

Belgium-based payments systems vendor Clear2Pay NV has raised EUR10 million in an internal funding round.  Clear2Pay’s solutions within the Service-Oriented Architecture (SOA) based Open Payment Framework offer financial institutions the ability to process payments through a centralised payments engine that utilises a library of re-useable business services across all payment types. The bank can thus combine new services models with existing infrastructures, thereby protecting previous investments whilst gradually moving to a more modern efficient payments environment.