VocaLink offers banks a strategic solution to payment processing without the risk and cost of going it alone.
We have the right people, technology and the experience to help you build a profitable payments business. VocaLink is an expert processor of domestic and international transactions and is trusted throughout the world. On a peak day we process over 100 million transactions, and our systems are capable of processing the entire volume of European automated payments in less than 4 hours.
The VocaLink Euro Clearing and Settlement Mechanism (CSM) allows banks to process and send payments to destinations throughout Europe and beyond. We also offer a range of services to banks that add value to existing bank services, or create new business opportunities within SEPA. VocaLink customers benefit from reduced costs, a shorter time to market for new services and new revenue streams.
Bankgirocentralen (BGC), the Swedish national automated clearing house, recently outsourced its payment processing to VocaLink. This is the first time domestic payments have been outsourced to a foreign processor, and allows Swedish banks to benefit from our economies of scale. VocaLink is also the power behind the UK Faster Payment Service. The revolutionary service offers real-time transaction processing and provides banks with a platform for innovation.
VocaLink: A partner for Banks... more>