Clear2Pay wins the ‘Flemish Government Award for the Most Promising Company’

Brussels – 22 October 2009 – On Tuesday of this week, Clear2Pay, the international technology provider of next generation payment solutions for financial institutions was awarded the Award for the 2009 Most Promising Company by the Belgian authorities at an award ceremony in Brussels, attended by over 2,000 company representatives.

The judges unanimously chose the financial technology company Clear2Pay for the ‘Award of the Flemish Government for Most Promising Company 2009’. The prize for most promising company is celebrating its fifth anniversary edition. The award is always presented to a first generation company that is experiencing strong growth and clearly profiling itself in one of the following criteria: competitiveness, innovation, internationalisation, entrepreneurship, responsible management and vision. Clear2Pay joins the list of winners from previous years, namely Netlog (2008), Financial Architects (2007), Transics (2006) and Televic (2005).

The chairman of the Jury Geert Noels says about Clear2Pay: “Clear2Pay impressed the judges with a very high score on the TI² (Technology, Innovation, International) scale. The strong technology, the innovative approach and the focus on an international growth from the beginning at the company in this globally operating sector allowed Clear2Pay to grow at a rapid tempo as a young company to a level that many more mature companies do not achieve. Furthermore the judges hold the opinion that the growth of Clear2Pay is far from complete, there is certainly more than enough room to grow in the coming years, even in these less favourable market conditions, which further increases the need for better and faster payment systems.”

Jurgen Ingels, Co-founder and Chief Financial Officer of Clear2Pay who accepted the award together with Chairman and Chief Executive Officer Michel Akkermans states: “We are obviously delighted to win this award in the market where we founded our company and where our success began. We view this mainly as a reward for our team of over 450 professionals who passionately work on behalf of our customers around the world.”

Clear2Pay is an innovative financial technology company focused on delivering globally applicable solutions for secure, timely electronic payments. Headquartered in Brussels, Belgium, the company facilitates banks and financial organizations in their provision of payments services. Clear2Pay's technology helps to reduce transactions processing costs, and to deliver new, compelling payment services in a competitive way. Clear2Pay's payment solutions offer organizations easy, branded ways for their customers to pay online: from complex trade-supporting business-to-business environments, through e-commerce applications, to retail payments and remittance services. Functions embrace payments origination, reporting, linkage with back-office processing systems, clearing, netting and settlement. Clients include global and major regional financial institutions such as ING, Banco Santander, Crédit Agricole, VISA, MasterCard, ABN AMRO, Nordea, Abbey National, Fortis Bank, ANZ and Commonwealth Bank. Clear2Pay operates out of Belgium, France, the Netherlands, Poland, Spain, United Kingdom, United States, Australia, China, Malaysia and Singapore and currently employs over 450 staff. More information is available on www.clear2pay.com.