Clear2Pay and Belgian debit card scheme sign agreement for testing new scheme switch

Agreement with Bancontact MisterCash Company

Clear2Pay, the provider of next generation payment solutions for financial institutions, has announced an agreement with Bancontact/MisterCash Company, owner of the Belgian debit card scheme, covering the testing of the implementation of the card scheme’s new switching infrastructure. Clear2Pay will validate the implementation of the scheme switch as well as the acquirer and issuer processors connecting to this new switch. It is hoped that the infrastructure will be ready to accept new players by mid-2013.

This is in keeping with the regulations of Single Euro Payments Area (SEPA), the EU integration initiative for the harmonisation of card payments.

According to Marie Costers, Head of Operations, Clear2Pay Open Test Solutions says: ”With Bancontact/Mister Cash widening its scope of both products and players, testing becomes ever more important to achieve optimum results for all stakeholders involved.”

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