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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.〔(E-Clear website: About Us )〕 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.〔(Globespan faces funding crunch ) ''The Guardian'', December 13, 2009〕 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.〔(E-Clear rethink over 'risky' travel ) - ''Travel Trade Gazette'', July 9, 2009〕〔(FlyGlobespan – attention turns to travel technology partner EClear ) ''Tnooz'', December 17, 2009]〕 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.
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