News

Clear2Pay adds Lexcel to portfolio

June 28, 2011

Clear2Pay, an international technology provider of next-generation payment solutions for financial institutions, today announced it has acquired Lexcel Solutions Inc., a U.S.-based provider of payment test applications for core payment platforms and system capacity.

Lexcel Solutions provides payment testing software and services to third-party payment transaction processors, debit and credit networks, financial institutions, retailers, ATM/POS manufacturers and government organizations.

Lexcel's clients include major U.S. banks and companies such Heartland Payment Systems, STAR Network, Wincor Nixdorf, Mercury Payments, the United States Postal Service and WorldPay.

"The Lexcel acquisition is a perfect fit with our growth strategy of both expanding our footprint, as well as our product range. We feel that payments modernization requires more than flexible technology alone," said Michel Akkermans, chairman and CEO of Clear2Pay. "Testing across the full process chain from device manufacturer to processor and the end user is of vital importance to the delivery of secure payments or value in an increasingly unified and hybrid world."
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