Crédit Agricole Implements Clear2Pay's Open Payment Framework

CEDICAM, Credit Agricole’s payments and transaction platform, has chosen Clear2Pay’s Open Payment Framework (OPF) for the processing of payments (credit and debit transfers) of the group’s banks.

In a first phase, single euro payments area (SEPA) direct debit (SDD) debit transfers will be implemented on the basis of the OPFand in a next phase SEPA Credit Transfers (SCT), international, high value and domestic payments will be transferred to the same platform. Crédit Agricole chose OPF because of its proven and robust performance and its reliability and scalability.

Jean-Claude Perchet, chief executive at CEDICAM, said: “In order to continue to play a role in the years to come among the European leaders in payments services, the Crédit Agricole group has adopted an ambitious strategy based on the one hand on a process of innovation and enrichment of the payment service offerings and secondly on the construction of a European platform for payments processing. CEDICAM has chosen the Open Payment Framework of Clear2Pay for its performance and flexibility.”

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