Clear2Pay, a global technology provider for financial institution payment solutions, announced that they have signed a contract with Germany's Commerzbank AG to launch its Open Payment Framework, the company reports in a press release. The Open Payment Framework will aim to enhance services and increase flexibility for clients. This framework will act as a universal platform for the XMLprocessing and interface of new technology and future products.
This project is part of the companies' a long term of payment renewal plan. The partnership plans to launch the product in different releases, but the first go-live is scheduled for the end of 2013.