December 2008 take home pay index press release
London, 3 December 2008 – 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.
November 2008 take home pay index press release
London, 5 November 2008: 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 and BGC win ‘Innovation in Outsourcing’ Award
London, 24 October 2008: 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 appoints Alan Scutt as UK Managing Director to strengthen senior team
London, 14 October 2008: 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.
October 2008 take home pay index press release
London, 8 October 2008: 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 and China Unionpay agreement gives Chinese visitors access to the UK ATMs
London, 22 September 2008: 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 and VocaLink Agree to Cooperate in SEPA Payments
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 joins SWIFT partnership programme
London and Vienna, 17 September 2008: 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 signs partnership deal with Axway
London, 17 September 2008: 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.
Dexia Bank signs up for VocaLink Euro CSM
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.
VocaLink and BAWAG P.S.K. on track to launch SEPA Direct Debit pilot
Vienna and London, 15 September 2008: VocaLink, the payment transaction specialist, announced that it is launching a SEPA direct debit (SDD) pilot with BAWAG P.S.K., one of Austria’s leading banks. BAWAG P.S.K. will bring the SDD business-to-business service to market by Q1 2009.
VocaLink survey finds over one third of companies have no experience of SEPA
London, 11 September 2008: VocaLink, the payment transaction specialist, today published research showing that eight months after the introduction of the Single Euro Payment Area (SEPA) more than three out of ten businesses have had no experience of it.
Interoperability agreement extends network for SEPA payments
London and Utrecht, 9 September 2008: VocaLink and Equens, have implemented a bilateral link for the exchange of SEPA payments. This is a major step in the implementation of the EACHA framework announced in October 2007 to help establish interoperability between banks and European CSMs.
September 2008 take home pay index press release
London, 3 September 2008: The VocaLink take home pay index has dropped to 4.1% in August, its largest monthly fall since January. Take home pay is currently being driven by two conflicting forces: the weakness in the economy is acting to restrain wage inflation whilst the increasing cost of living faced by many employees is pushing it up.
VocaLink secures processing contract for Bacs payments to 2015
London, 7 August 2008: VocaLink, the payment transaction specialists, announced today that its contract with Bacs Payments Schemes Limited (Bacs) to process the UK automated payments has been extended. The contract which ran to 2010 has been extended for a further five years to 2015.
August 2008 take home pay index press release
6 August 2008: The VocaLink take home pay index has registered its highest level for 2008, achieving 4.5% growth in July.
July 2008 take home pay index press release
9 July 2008: The VocaLink take home pay index has reached its highest level since August 2006, registering 4.3% growth in June and remaining above 4% for the third month in a row.
HBOS and Sainsbury’s join VocaLink’s ATM mobile phone top-up service
London, 2 July 2008: VocaLink, the specialist provider of transaction services, today announced that HBOS and Sainsbury’s Bank have signed up to its ATM mobile phone top-up service.
June 2008 take home pay index press release
4 June 2008 – The VocaLink take home pay index registered 4.1% growth in May, the second consecutive month which has shown annual pay growth of above 4%.
Faster Payments service goes live on VocaLink Real-Time platform
London, 27 May 2008: VocaLink, the payment transaction specialist, announced today that the Faster Payments service has gone live with the first transactions processed successfully this morning
VocaLink sponsors local teenager to sail around the world single-handed
22 May 2008: VocaLink, the Rickmansworth-based payment transaction specialists, today announced it will be sponsoring Michael Perham, a 16 year old Hertfordshire boy, in a record-breaking attempt to sail around the world single-handed
VocaLink to process Sweden’s payments
London/Stockholm 15 May 2008: VocaLink, the payment transaction specialist, has today signed a contract with the Swedish national processor, BGC, to process the majority of Sweden’s automated payments
May 2008 take home pay index press release
7 May 2008 – VocaLink’s latest take home pay index for April shows a considerable rise to 4.2%, driven by the income tax changes introduced in Gordon Brown’s final budget as Chancellor
VocaLink appoints Patricia Pittomvils as Sales Director for Europe
22 April 2008 - VocaLink, the specialist provider of transaction services, today announced the appointment of Patricia Pittomvils as Sales Director for Europe
VocaLink appointments Richard Hooper CBE
11 April 2008 - VocaLink, the specialist provider of transaction services, today announced the appointment of Richard Hooper CBE to its board as senior independent director effective 1 May 2008
April 2008 take home pay index press release
8 April 2008 – This month’s VocaLink take home pay index saw another slight rise from 3.4% to 3.6% in March, continuing the upward trend for 2008
March 2008 take home pay index press release
5 March 2008 – This month’s VocaLink take home pay index rose to 3.4% despite a dramatic fall in take home pay growth in the manufacturing sector. This follows on from last month’s index which reported the lowest recorded figure since 2006
February 2008 take home pay index press release
6 February 2008 – The VocaLink take home pay index saw a big decline this month falling to 2.8% in January having been at 3.4% at the end of December. Figures reported last month for 2007 showed the lowest annual pay growth for two years and this trend looks set to continue in 2008
VocaLink Euro CSM goes live with first SEPA transaction
28 January 2008: VocaLink announced today that it has processed its first SEPA transaction
New euro payments market comes into effect as VocaLink processes first transaction
28 January 2008: Today saw the introduction of the Single Euro Payment Area (SEPA), a regulatory change which will create a single payments market across 31 countries in Europe
VocaLink announces deal to operate HSBC ATMs in convenience stores
17 January 2008: VocaLink, the transaction specialists, has secured a three year outsourcing contract with HSBC. Under the terms of the deal VocaLink will deliver the end-to-end operation of HSBC’s new remote ATM estate. The estate will be located in convenience stores throughout the UK and will be free to use for consumers
VocaLink transmits more than 2 Billion payments over SWIFTNet
London, 10 January 2008: VocaLink, the payment services provider and international Clearing and Settlement Mechanism (CSM), will transmit more than two billion transactions over SWIFTNet in 2008. VocaLink is now one of SWIFT’s biggest transaction customers
January 2008 take home pay index press release
8 January 2008: The VocaLink take home pay index increased to 3.4% in December from 3.2% in November. Despite this month’s slight increase, 2007 has proven to be the weakest year for pay growth since the inception of the VocaLink take home pay index in 2005