E-Clear

E-Clear is a British payment processing company handling credit card transactions, presently under an administration order. It provides merchant accounts for companies, allowing them to accept credit cards as a form of payment.[1]

Formed in 2002 and based in Mayfair, City of Westminster, the company is based in Britain, but owned by a parent company registered in Cyprus, and its chief executive Elias Elia is a Greek Cypriot.[2] E-Clear specialises in the travel industry, and is one of the main four companies handling credit card transactions for airlines and travel agents in the UK.[3][4]

In 2007, Deutsche Bank announced the end of its agreement for card processing with E-Clear. As a result, E-Clear began buying shares in NordFinanz, a small loss-making bank in Bremen. By 2009, E-Clear owned 97% of the shares in the bank.

Board Members

Members of the company's board include Elias Elia, Derek Tullett and Sir Edward du Cann.[5]

References

  1. ↑ E-Clear website: About Us
  2. ↑ Globespan faces funding crunch The Guardian, December 13, 2009
  3. ↑ E-Clear rethink over 'risky' travel - Travel Trade Gazette, July 9, 2009
  4. ↑ FlyGlobespan – attention turns to travel technology partner EClear Tnooz, December 17, 2009]
  5. ↑ O'Connell, Dominic; Bradley, Jane; Jefford, Kasmira (December 27, 2009). "City bigwigs Derek Tullett and Sir Edward du Cann dragged into Flyglobespan row". The Times. London. Retrieved May 1, 2010.
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