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Clarity Payment seals $6.4 million

Electronic payment company Clarity Payment Solutions has raised $6.4 million in a second round of funding led by Espirito Santo Tech Ventures, a subsidiary of Banco Espirito Santo, and Allfirst Financial, a subsidiary of Allied Irish Banks, the company announced on Thursday. Clarity helps companies move from legacy, paper-based payment systems to electronic systems. The New York-based company, which has raised a total of $14.5 million, said it plans to use the money to increase its client base and develop products. In other news, the company has changed its name from Clarity Incentive Systems to Clarity Payment Solutions.