Company:E-Clear
 | This book may need to be updated to reflect current knowledge. |
| Type | Private Limited Company |
|---|---|
| Industry | Finance, digital payment |
| Founded | 2002 |
| Defunct | 2010 |
| Headquarters | Mayfair, City of Westminster, United Kingdom |
| Services | Payment processing |
E-Clear was a British payment processor that provided merchant accounts for companies, allowing them to accept credit cards. E-Clear specialised in the travel industry in the United Kingdom.[1]
Members of the company's board included Elias Elia, Derek Tullett and Sir Edward du Cann.[2]
Formed in 2002 and based in Mayfair, City of Westminster, the company was based in Britain, but owned by a parent company registered in Cyprus, and its chief executive Elias Elia is a Greek Cypriot.[3]
History
The company was formed in 2002.
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. In 2010, it sold the stake.[4]
In January 2010, the company was put into administration.[5][6]
References
- ↑ May, Kevin (December 17, 2009). "FlyGlobespan – attention turns to travel technology partner EClear". Phocuswire. https://www.phocuswire.com/FlyGlobespan-attention-turns-to-travel-technology-partner-EClear.
- ↑ 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. https://www.thetimes.co.uk/article/city-bigwigs-derek-tullett-and-sir-edward-du-cann-dragged-into-flyglobespan-row-q8wmtl62gd2.
- ↑ "Globespan faces funding crunch". The Guardian. December 13, 2009. https://www.theguardian.com/business/2009/dec/13/globespan-faces-funding-crunch.
- ↑ "Mayer Brown advises on acquisition of NordFinanz Bank". Mayer Brown. October 19, 2010. https://www.mayerbrown.com/en/news/2010/10/mayer-brown-advises-on-acquisition-of-nordfinanz-b.
- ↑ Moya, Elena; Bowers, Simon (January 19, 2010). "E-Clear, credit card processor involved in the Globespan collapse, goes under". The Guardian. https://www.theguardian.com/business/2010/jan/19/e-clear-globespan-administration.
- ↑ "E-Clear placed in administration". The Daily Telegraph. January 19, 2010. https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7028760/E-Clear-placed-in-administration.html.
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