Nick Masterson-Jones has overall responsibility for the company’s Transaction Services business.  This role includes managing VocaLink’s core contracts for Bacs, Faster Payments, the UK Government and Bankgirocentralen (BGC), the Swedish ACH.

Nick is playing a key role in the outsourcing deal between VocaLink and Swedish processor BGC, which will see the majority of Swedish direct debit and credit transfer payments being processed by VocaLink in the UK.  This is a world first – the first time the processing of a national payments scheme has been transferred to a non-domestic provider.

In his previous role as Director of IT, Nick managed all IT development work at VocaLink and was the driving force behind the award-winning payments platform renewal programme from 2004 to 2006.  In May 2007 Nick and his team were responsible for the successful launch of the central infrastructure of the UK Faster Payments Service.  This was followed in January 2008 by the successful launch of VocaLink’s Euro Clearing and Settlement services and the subsequent launch of SEPA Direct Debit in November 2009.

Nick has over 24 years management experience working for high profile financial institutions such as JP Morgan, UBS, Reuters, Deloitte and Touche and several major UK banks.  He has held a broad range of roles in banking, risk management and IT.  Nick joined VocaLink in 2003.