Brussels technology for corporate creditors in Denmark

[img_assist|nid=8465|title=|desc=|link=none|align=left|width=100|height=100] A combined Sepa-compliant direct debit and credit transfer service is planned to be delivered to bank and corporate clients of Danish payment body PBS which adopted technology from Brussels-based Clear2Pay for these purposes.
Clear2Pay's Open Payment Framework (OPF) is built on a service-oriented architecture (SOA).

As per  Danish PBS, 117 financial institutions already subscribed to the direct debit payment processing service. The service is mainly intended for corporate creditors as well as debtor and creditor banks in Denmark and across the European community.

"Although Denmark is currently not in the euro zone, our customers that do business in the EU-market need to be Sepa compliant and as the leading payments provider in the region we want to be first to market with Sepa related services," says Flemming Jensen, CEO of PBS.

"With this solution PBS can offer their clients an end-to-end solution embracing all necessary features such as mandate management, R-transactions etc," says Mark Hartley, VP strategy and marketing, Clear2Pay. "PBS was looking for strategic enterprise-wide capabilities so that they can easily extend this solution to also embrace Sepa credit transfers. The robust services oriented architecture offers PBS the scalability they were looking for."