2006 2007 2008
December 2007 take home pay index press release
4 December 2007 – The VocaLink take home pay index reveals a decrease of 0.2% in the level of take home pay in November. The fall has been driven by the service sector which saw the sub-index decline from 3.7% in October to 3.3% in November
November 2007 take home pay index press release
The VocaLink take home pay index reveals a slight increase of 0.3% in the level of take home pay in October
VocaLink announces strategic partnership with Bankgirocentralen BGC AB
11 October 2007: VocaLink, the transaction specialist, and Bankgirocentralen BGC AB (BGC), the Swedish payment processor today announced plans to launch a strategic partnership.
October 2007 take home pay index press release
3 October 2007: The VocaLink take home pay index for September reveals a 0.5% slowdown in wage growth – the biggest month-on-month drop since May
VocaLink and Eiger Systems launch Corporate Access service for European Payments
2 October 2007: VocaLink, the transaction specialist and Eiger Systems, an Experian company, today announce a partnership to provide a new Corporate Access service to banks and their major business customers across Europe
VocaLink adopts SWIFTNet access for euro services business for banks and their customers
2 October 2007: VocaLink will operate a Market Infrastructure Closed User Group utilising SWIFTNet Bulk Payments for its Euro Services business
Five leading CSMs announce interoperability ahead of SEPA
1 October 2007 - Equens, Iberpay, Seceti, Stet and VocaLink have announced at SIBOS that they have jointly agreed to establish interoperability for the exchange of SEPA payments
VocaLink announces adherence to SEPA Credit Transfer (SCT) compliance
1 October 2007: VocaLink today announced that it has signed the disclosure letter to the European Payments Council (EPC) committing it to becoming a fully SEPA SCT Scheme compliant Clearing and Settlement Mechanism (CSM) as from 28 January 2008
Research shows SEPA reach still a problem for banks
1 October 2007: New research sponsored by VocaLink, the transaction specialists, shows that many banks believe that reach will still be a challenge when the Single Euro Payment Area (SEPA) comes into effect in January
September 2007 take home pay index press release
5 September 2007: The VocaLink take home pay index in August shows no increase on July’s figure. This, combined with the recent announcement that mortgage payments are taking a higher proportion of take home pay will have a negative impact on the housing market and consumer spending.
August 2007 take home pay index press release
1 August 2007: The VocaLink take home pay index shows that growth in take home pay has risen to 3.6 per cent in July from 3.3 per cent in June
July 2007 take home pay index
4 July 2007: The VocaLink take home pay index shows that growth in take home pay has risen to 3.3 per cent in June from 3.0 per cent in May. This is the reversal of a trend which has seen a continued fall in the index since February 2007.
Voca and LINK merge and launch pan-European clearing service
2 July 2007: Today marks the completion of the merger of two market leaders, Voca and LINK. The new company, VocaLink, will provide domestic and international transaction services to banks and corporates.
June 2007 take home pay index
6 June 2007: The Voca take home pay index shows that growth in take home pay fell further to 3.0 per cent in May from 3.6 per cent in April. This is the lowest rate of growth since December 2006 and indicates that wage inflation remains subdued.
May 2007 take home pay index
8 May 2007: The Voca take home pay index shows that growth in take home pay eased to 3.6 per cent in April from 3.7 per cent in March. This downward trend shows that the expected strong pay increases in the January wage round have so far failed to materialise.
Voca and LINK get green light from OFT to merge
3 May 2007: The companies behind the Faster Payments initiative, Voca and LINK were today given formal approval by the Office of Fair Trading to merge.
EBA CLEARING and Voca agree cooperation for SEPA reach
19 April 2007: Voca, the provider of payments services to banks, and EBA CLEARING have agreed to sign a memorandum of understanding in view of creating connectivity to the STEP2 platform and offering banks serviced by Voca Europe-wide reach for SEPA transactions.
April 2007 take home pay index
3 April 2007: The Voca take home pay index shows that growth in take home pay eased to 3.7 per cent in March compared to 4.2 per cent in February.
March 2007 take home pay index
7 March 2007: The Voca take home pay index shows that growth in take home pay has risen to 4.2 per cent in February (January: 3.3 per cent). This upward trend continues on the back of salary increases negotiated in the current pay settlement round.
Voca and LINK announce intention to merge
6 March 2007: Payment services companies Voca Ltd (“Voca”) and LINK Interchange Network Ltd (“LINK”) have announced an intention to merge to create VocaLINK Ltd (“VocaLINK”).
February 2007 take home pay index
6 February 2007: The Voca take home pay index shows that growth in take home pay has increased to 3.3 per cent in January (December: 2.9 per cent). The index has been boosted in part by Christmas bonuses and increased use of temporary workers, and suggests that the latest round of pay negotiation may already be having an effect.
January 2007 take home pay index
5 January 2007: The Voca take home pay index1 shows that UK disposable incomes are being squeezed by slackening pay growth against a background of rising inflation. Growth in take home pay remains near the index’s all-time low (2.6 per cent in November), at 2.9 per cent in December. Set alongside the considerable recent increase in inflation, as shown by the Retail Price Index, this points to a tough 2007 for consumers and retailers.