In addition to the Real-Time Payments service there are a number of services available to add value to companies’ offerings. Our commitment to the security of the industry was the inspiration for our Real-Time Fraud Screening Service. We set out to give banks the best means to detect and combat fraudulent behaviour associated with this new payment method.
Our Direct Corporate Access connects businesses to the Real-Time Payments Platform, allowing them to receive and send payments directly.
The VocaLink Payment Switch (VPS) provides access to the faster payments infrastructure using the ISO8583 messaging protocol. It complies fully with the scheme requirements, can be installed in hours and is easily configured to work with existing systems.
Our beneficiary services allow the RTP users to receive confirmation on whether a payment has been completed. This ranges from individuals receiving a SMS text message or email, to creating businesses customised applications to display the progress of many payments.
Reference data management provides a comprehensive database of payments-related information for UK banks and building societies. It contains information about all bank offices or branches involved in the UK clearing systems. The data can be incorporated into systems to assist automating payments processes.