Payment market to be offered an integrated solution by Clear2Pay

A new collaborative agreement was signed between Clear2Pay, the international technology provider of next generation payment solutions for financial institutions and Systar, the leading Business Activity Monitoring (BAM) solution provider.

Under the terms of the agreement Clear2Pay's Open Payment Framework (OPF) solutions will be supplemented with Systar's BAM tailored to meet special needs of the payments sector.

Thus customers of Clear2Pay will be offered Systar's leading BAM solution seamlessly integrated into the Clear2Pay Open Payment Framework, a library of component building blocks built entirely on a Service Oriented Architecture (SOA). With the pre-defined dashboards conjointly developed by Systar and Clear2Pay customers will be able to monitor, in real time, the end-to-end payment process in order to determine exceptional events that might impact operations.

"Systar is clearly the preeminent BAM solution provider on the market. Our combined solutions, uniquely architected to meet payments business' needs, offer our customers better real-time visibility on their payeir payments, thus facilitating improved preemptive decision making. Going beyond payment diagnostics and alerts, the Open Payment Framework, augmented by Systar's BAM, allows business people to fully visualize their payments and make informed choices and assessments on the current and future situation," said Mark Hartley, Vice President of Strategy and Marketing, Clear2Pay.