The VocaLink take home pay index increased for the first time in three months to 3.5 per cent in November from 3.4 per cent in October. Wage growth is typically quite resilient in a downturn, particularly when starting from low levels as employees strongly resist falling pay in cash terms.
The VocaLink take home pay index has fallen for a third consecutive month to 3.4% in October as the economy heads into recession. With inflation at its highest level since 1992, the decline in pay growth is eroding consumers’ spending power
VocaLink, the payment transaction specialist, and Bankgirocentralen (BGC), the Swedish Automated Clearing House (ACH), have won the National Outsourcing Association (NOA) Award for Innovation in Outsourcing.
VocaLink, the payment transaction specialist, today announced the appointment of Alan Scutt as UK Managing Director to strengthen the company’s relationship with its UK customers and develop new business opportunities.
The VocaLink take home pay index has dropped to 4.0% in September following a second consecutive monthly decline in take home pay in the manufacturing industry.
VocaLink, the payment transaction specialist, has signed an agreement with China Unionpay (CUP), China’s national bankcard association. The agreement will enable CUP bankcards to be used in all LINK ATMs. This is the first time that a provider of financial services in the UK has entered into partnership with CUP.
WestLB AG and VocaLink, the payment transaction specialists, signed a cooperation agreement for processing SEPA payments at the SIBOS international banking fair in Vienna. The agreement paves the way for direct routing of all payments by banks connected to VocaLink in favour of savings banks in Germany and vice-versa.
VocaLink, the payment transaction specialist, has joined SWIFT’s partnership programme. This commercial agreement will enable the two companies to share market intelligence, develop joint sales and marketing plans and work together on new products and services.
VocaLink, the payment transaction specialist, today announced that it had signed a partnership agreement with Axway, a leading provider of collaborative business solutions. Under the agreement Axway will provide a gateway for VocaLink’s clients to access its Euro services and other VocaLink services.
Vienna, Brussels and London, 16 September 2008: Dexia Belgium has joined the VocaLink Euro CSM (Clearing & Settlement Mechanism). Today, Dexia Belgium signed a contract with VocaLink for transaction processing. Dexia Belgium will use the VocaLink Euro CSM to support the processing needs of its customers.