VocaLink is a unique company with an unequalled reputation for
ground breaking innovation and total reliability.
Our platforms run on technology that is "always on", and as
providers of the UK national payments infrastructure, we are the
only company with universal reach throughout the UK banking
The UK banking industry trusts VocaLink to provide a "national
grid" for payments with the scale and reliability to meet both its
immediate needs and its strategic ambitions.
We are owned by banks but run as an independent company, with
our own vision: to make it easier for everyone to access payments
using the technology of their choice.
VocaLink is the power behind The UK Faster Payments Service, the biggest
advancement in UK payments for several decades.
This gives consumers direct access to the UK payments
infrastructure and is designed to run in parallel with the existing
The Faster Payments Service runs on the VocaLink real-time
Faster Payments enable interbank funds transfers in near real
time, typically initiated via the internet or phone.
Over £236 billion was processed though Faster Payments in 2011
and more than 1.86 billion payments have been processed during
The Faster Payments Service is available 24x7x365. Member banks
account for about 95% of payments traffic through the
Mobile: a new dawn in
Today, we believe mobile payments represent the biggest
step-change in payments since the introduction of cash.
Read the latest mobile usage
research from VocaLink.
VocaLink is working with the Payments Council to build and maintain a
central database that allows bank customers to link their mobile
phone numbers and bank accounts.
This heralds a new dawn in payments history, making possible a
range of person-to-person, person-to-business and
business-to-business mobile payments.
Mobile payments have infinite
applications and offer a practical, real-time alternative
The spread of mobile payments will also
boost financial inclusion by bringing electronic
payments within the reach of anyone with a mobile phone and a
VocaLink works with the UK government to help it realise its
vision of making electronic payments more democratic and reducing
the UK economy's reliance on cash.