Commerzbank is to deploy Clear2Pay's Open Payment Framework (OPF) as a central platform for end-to-end XML processing.
Commerzbank will roll-out 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 stages with the first go-live planned by year end.
Christian Rhino, divisional board member Group Banking Operations at Commerzbank, comments: “For us as a major player in the payments industry, it was important to work with a technology partner who could offer both a proven payments solution as well as a fundamentally strong strategic roadmap around payments. In Clear2Pay we found just that plus the proximity and cultural fit that will be of vital importance for a smooth and timely introduction”.
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