Communities of banks that wish to outsource payment processing to a reliable processor can meet the SEPA compliance deadlines cost effectively by working with VocaLink. Anticipating the need for reliable processing services in the SEPA we rebuilt our payment platform on a scale that allows us to add capacity without compromise to the quality of our service. This offers pricing advantages over newer processors. Our ability to accommodate growth easily allows us to offer consolidated pricing and insulate banks from the impacts of future changes affecting the European payments market.
VocaLink has a heritage of innovation in payment services and a wide portfolio of value-added services to draw on when designing services for new clients. We have the expertise to manage all parts of the payments value chain. This includes areas that in many communities are left to individual banks to manage, such as elements of the payment capture, validation and delivery processes.
In addition to fundamental payment processing services for debit and credit transfers VocaLink offers the following innovative capabilities to enrich community propositions:
- Real-time payments
- Electronic bill presentment and payment
- Mobile payments
- Debit card issuing
- Financial supply chain management and invoice reconciliation
- Full connectivity using SWIFT or VocaLink Secure Connectivity.