In an industry where trust and reliability are paramount, VocaLink has over 40 years of experience leading the way.
VocaLink is the processing power behind 90 million payments a day within the UK alone. These are made up of Direct Debits, Credit Transfers, Faster Payments and standing orders that currently pass through our advanced systems.
VocaLink is also the processing power behind the Swedish economy. BGC, the Swedish national automated clearing house, has outsourced its payment processing to us to support their extensive range of payments services and create bespoke solutions to meet emerging customer needs. This is the first time domestic payments have been outsourced to a foreign processor, and allows Swedish banks to benefit from the economies of scale VocaLink provides.
Banks exchange more than payment messages using our infrastructure. VocaLink provides services for the exchange of supporting information. We handle the messages that are exchanged when payment instructions are set up, changed or corrected or when a customer moves banks and wants regular payments to move with them. Recognising that efficiency depends on accuracy, we provide information management services to help businesses and banks get the most up to date and accurate information they can. These services help banks to create payments that are right first time.