Drop in VocaLink Take Home Pay Index growth puts pressure on Christmas sales
London, 9 December 2009: The VocaLink Take Home Pay Index showed a weakness in pay growth as it fell to 1.4 per cent in November after remaining steady in the two previous months at 1.7 per cent.
VocaLink partners with BBP Service Bureau to offer comprehensive SWIFT connectivity services
London, 3 December 2009: VocaLink, the international payments specialists, today announced that it has partnered with BBP AG the leading Swiss SWIFT Service Bureau, to deliver a comprehensive SWIFT connectivity solution to banks and their corporate customers throughout Europe.
VocaLink entra in Italia e nomina Giacinto Cosenza Country Manager
Milano, 17 novembre 2009 - VocaLink, provider specializzato in servizi di pagamento, annuncia l’ingresso nel mercato italiano e la nomina di Giacinto Cosenza a Country Manager per l’Italia.
VocaLink restructures company to support international growth
London, 16 November 2009: VocaLink, the payment transaction specialists, today announced a restructuring of the company in response to international market demand for modern payment services.
VocaLink Take Home Pay Index shows flattening of wage growth
London, 4 November 2009: The VocaLink Take Home Pay Index for October showed flattening pay growth gripping the UK as it held steady at a low 1.7%.
VocaLink Take Home Pay Index falls for the first time since May
London, 7 October 2009: The VocaLink Take Home Pay Index rose by 0.7% to show 2.0% annual wage growth in August, the greatest one month increase since February 2007.
World record breaker Mike Perham secures further sponsorship from VocaLink after inspiring the youth of Hong Kong
Southampton Boat Show, 18 September 2009: VocaLink, the international payments specialist, have appointed Mike Perham as corporate social responsibility (CSR) ambassador to further their shared objective of inspiring and supporting young people around the world.
VocaLink and STET broaden their reach across the Eurozone with new interoperability agreement
Hong Kong, 16 September 2009: VocaLink and STET, the international payments specialists, today confirmed that they are working together to establish a bilateral link for the exchange of SEPA payments based on the EACHA interoperability standards.
Equens and VocaLink extend SEPA Credit Transfer interoperability agreement to SEPA Direct Debits
Hong Kong, 15 September 2009: Equens and VocaLink have extended their bilateral agreement to include SEPA Direct Debit (SDD) payment processing, in addition to the SEPA Credit Transfer (SCT) service already offered.
VocaLink, in association with PricewaterhouseCoopers LLP UK, publish first detailed research report into the UK Faster Payments Service
London, 15 September 2009: VocaLink, the international payments specialist, today announced the findings from the banking industry’s first piece of qualitative research into the UK’s Faster Payment Service (FPS) since its launch in May 2008.
VocaLink opens European centre in Amsterdam to support its growing customer base in the Benelux region
London, 14 September 2009: VocaLink, the international payments specialist, today announced the opening of its European centre in the World Trade Center, Amsterdam, in response to its growing customer base in the Benelux region.
VocaLink pledges support for Oxfam Hong Kong at Sibos 2009
London, 14 September 2009: VocaLink, the international payments specialist, announced today that it will be supporting the Oxfam Unwrapped campaign at this year’s Sibos conference in Hong Kong.
VocaLink and KIR announce interoperability agreement for SEPA Credit Transfers
London, 7 September 2009: VocaLink, the international payments specialist, today announced that it is working with KIR (Krajowa Izba Rozliczeniowa S.A.), the national clearing house for Poland, to establish a bilateral link for the exchange of SEPA Credit Transfer (SCT) payments based on the EACHA interoperability standards.
VocaLink Take Home Pay Index shows greatest rise in 18 months
London, 7 September 2009: The VocaLink Take Home Pay Index rose by 0.7% to show 2.0% annual wage growth in August, the greatest one month increase since February 2007.
Take Home Pay Index shows wage growth plummet in the manufacturing sector
London, 6 August 2009 - The VocaLink Take Home Pay Index remained unchanged in July at 1.3% following June’s reported first rise in wage growth for six months. However, the ongoing problems in the manufacturing sector were reflected in the dramatic fall in pay growth from 1.3% in June to just
0.5% in July. In contrast, the service sector continued to show a gradual improvement increasing by 0.7% to 1.9%.
Take home pay shows growth for the first time in six months
London, 8 July 2009 - The VocaLink Take Home Pay Index, released today, shows the first signs of growth in pay levels after six back-to-back months of decline. Having dropped to an all-time low level of 1.1% in May down from 4.3% in June last year, the latest figures in pay growth show a slight improvement to 1.3%. This upward trend was mirrored in the services and manufacturing sectors which both showed a slight increase.
VocaLink appoints Claire Hafner as Chief Financial Officer
London, 23 June 2009 - VocaLink has appointed Claire Hafner to its board as Chief Financial Officer. Claire will be responsible for all aspects of the company’s financial management, including the accounting, commercial, procurement, legal, and risk and compliance functions. She has over 20 years of financial and operational experience having previously worked in senior positions at Eversheds LLP, LCH Clearnet, Barclays Bank, Guinness Brewing Worldwide and British Telecom.
Precipitous fall in take home pay growth continues unabated
London, 3 June 2009 – The VocaLink Take Home Pay Index has continued its rapid decline this year to reach a new all time low of 1.1% in May. This unprecedented fall in take home pay has been driven by the deterioration in the labour market, with unemployment at its highest since 1996, falling inflation and the slashing of discretionary bonus payments enabling firms to pass through weak wage settlements
Sir John Gieve appointed as Chairman of VocaLink
London, 12 May 2009 - VocaLink today announced the appointment of Sir John Gieve as Chairman, effective 1 July 2009. He will lead the VocaLink board of directors as the company further develops and expands its business. Sir John retired as Deputy Governor of The Bank of England in February.
Take home pay growth falls for the fifth consecutive month
London, 6 May 2009 – The VocaLink Take Home Pay Index has declined to a new record low of 1.6% in April from 2.0% in March. This is the fifth consecutive monthly drop in the VocaLink Take Home Pay Index, reflecting the major impact the recession has had on the labour market.
VocaLink secures £60 million shareholder investment
London, 5 May 2009 - VocaLink has announced today it has received an investment of £60 million in equity capital from its shareholders. This new funding will strengthen its resilient services for existing clients while supporting the company’s continued growth in Europe.
Bonus cuts reduce take home pay growth to a record low
London, 8 April 2009 – The VocaLink take home pay index has fallen for the fourth consecutive month in March to an all time low of 2.0%.
VocaLink extends contract to manage Payzone’s ATMs to 2012
London, 24 March 2009 - VocaLink has won a renewal contract with Payzone, one of the leading ATM operators in Europe, to provide ATM managed services until the end of 2012.
The VocaLink take home pay index drops to its lowest ever level
London, 4 March 2009 – The VocaLink take home pay index, which has been tracking annual growth in take home pay since 2004, has fallen to an all time low of 2.4%. This decline comes as a continuing fall in inflation in the current recession makes it increasingly difficult for employees to negotiate pay increases.
First three banks complete end-to-end SEPA Direct Debit pilot
London, 11 February 2009: VocaLink, the payment transaction specialist, announced today that it has successfully completed a first SEPA Direct Debit (SDD) pilot with participation from ABN, BAWAG P.S.K., The Royal Bank of Scotland Group plc and a number of their corporate customers.
Manufacturing take home pay growth falls to its lowest level in 4 years
London, 4 February 2009: The VocaLink take home pay index shows that wage growth in the manufacturing sector has plummeted to its lowest level since September 2004. As a result, overall take home pay has fallen to 2.7% in January, its weakest growth since November 2006. This decline continues the clear downward trend in take home pay since the recent peak of 4.5% in July 2008.
VocaLink appoints Marco Venturella to supports its growth in the german market
London, 27 January 2009: VocaLink, the payment transaction specialist, has added further depth to its European team with the appointment of Marco Venturella as Senior Relationship Manager. Marco has more than 12 years of bank and payments experience in the German market. He will be based in Frankfurt where he will take overall responsibility for growing VocaLink’s client base and supporting its existing key relationships in Germany, Austria and Switzerland.
VocaLink appoints Edith Rigler to lead its business and strategic development
London, 21 January 2009: VocaLink, the payment transaction specialist, has further strengthened its senior team with the appointment of Edith Rigler as Director of Business Development. Edith brings over 25 years’ experience in transaction banking to the company having previously held senior positions at HSBC, Deutsche Bank and Citibank. Recently she has held similar roles at the EBA.
January 2009 take home pay index press release
London, 7 January 2009: The VocaLink take home pay index has fallen dramatically in December to just 2.9%, the weakest increase since January 2008. Overall the average wage growth in 2008 rose by just 3.7% and for the second consecutive year the increase in retail prices has exceeded growth of take home pay.