Maintaining a competitive position is a lot easier with expert help. VocaLink offers an approach to national clearing that increases business agility, cuts costs and offers a strategic platform for profitable growth. This gives you peace of mind and freedom to concentrate of your strategic strengths such as customer relations and scheme management. All of our clients benefit from our economies of scale in the form of low transaction costs.
We have unparalleled experience of implementing and managing major payment systems. In 2006, we delivered the largest ever customer migration in UK banking industry onto a platform, which processes nearly 6 billion transactions per year. This was successfully implemented with no disruption to service delivery. In 2008 we have also launched Faster Payments and the VocaLink Euro CSM. Our experience is just one of the reasons why BGC, the Swedish national automated clearing house, has outsourced processing of its payments to VocaLink. BGC chose VocaLink as an assured way of upgrading its technology to make it ‘future-proof’, to cut costs and to accelerate new product development, whilst retaining control. This is the first time that processing of a national payments scheme has been outsourced to a non-domestic provider.