![]() | This article needs to be updated.(January 2020) |
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]
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]
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