Press releases 2012

  • VocaLink Take Home Pay Index growth falters for public sector

    Thursday, May 10, 2012

    London, 10 May 2012: The VocaLink FTSE 350 Take Home Pay Index stands at 1.8% during the three months to April 2012, only marginally improving from 1.7% in the three months to March. Despite the increase in the tax-free Personal Allowance, which rose by £630 to £8,105 this government financial year, the VocaLink Index shows that underlying pay growth remains very weak. Although this month’s private sector take home pay growth rate is in line with the rate seen in February, it remains below levels seen over much of 2011.

  • David Yates sits down with Finextra to look at the future of payments

    Friday, April 27, 2012

    Finextra in conversation with David Yates: the new CEO of VocaLink sits down with Finextra to look at the future of payments.

  • The VocaLink FTSE 350 Take Home Pay Index grows by 1.4 percentage points more than previous tax year

    Thursday, April 05, 2012

    London, 5 April 2012: As the 2011/12 tax year closes, the VocaLink FTSE 350 Take Home Pay Index shows stronger pay growth during this tax year than during 2010/11. During the 2010/11 tax year, the private sector saw an average growth rate of 0.9% compared to 2.3% in 2011/12. Similarly, average take home pay in the public sector was 0.5 percentage points stronger in the 2011/12 tax year than the previous year.

  • VocaLink partners with Clairmail to offer innovative real-time banking solutions through the mobile channel

    Tuesday, March 13, 2012

    London, 13 March 2012: VocaLink, the international payments provider, today announced a partnership with Clairmail, leader in mobile banking and payments solutions. The partnership will enable banks to use Clairmail’s Smart Client technology to deliver new services to their customers, such as Person-to-Person Mobile Payments, enabled by VocaLink’s real-time capabilities, such as Faster and Immediate Payments and multi-channel service options. Through this partnership, VocaLink and Clairmail will enable banks to provide a roadmap of innovative, real-time banking solutions through the mobile channel.

  • VocaLink Take Home Pay Index shows continuing decline in private sector pay growth

    Thursday, March 08, 2012

    Annual growth on the VocaLink FTSE 350 Take Home Pay Index slows for the second month to 1.8% for the three months to February, down from a recent high of 2.6% for the three months to December. Growth on the VocaLink Manufacturing Index falls to 2.8% for the three months to February, continuing a downward trend since the three months to November. Three month annual growth on the VocaLink Services Index drops again in the three months to February to 1.6%, down from 1.9% in the three months to January. Growth on the VocaLink Public Sector Index has been on a marginal upward path recently, reaching 2.3% for the three months to February 2012.

  • VocaLink to build central database for UK mobile P2P payments

    Tuesday, March 06, 2012

    London, 6 March 2012: Following the recent announcement that the Payments Council is creating a platform for all UK banks to provide peer-to-peer mobile payments to their customers, new Chief Executive Officer at VocaLink, David Yates, talks for the first time about the investment that VocaLink has already made in the mobile channel and its future plans to deliver transformational mobile payment services to the banking industry.

  • VocaLink Take Home Pay Index shows private sector pay growth dipped significantly at the start of 2012

    Thursday, February 09, 2012

    London, 9 February 2012: The VocaLink FTSE 350 Take Home Pay Index, which measures private sector pay growth slowed to 2.0% for the three months to January, down from 2.6% for the three months to December. This represents the largest percentage point decrease in take home pay growth seen since the three months to December 2010.

  • VocaLink Take Home Pay Index mid-month alert

    Tuesday, January 17, 2012

    VocaLink Take Home Pay Index mid-month alert: More pressure on consumers during Christmas 2011 than Christmas 2010

  • VocaLink Take Home Pay Index shows challenging year ahead for UK wages

    Thursday, January 12, 2012

    London, 12 January 2012: Private sector take home pay growth, as measured by the VocaLink Take Home Pay Index, remains unchanged this month sitting at 2.6% in the three months to December 2011 and well below the 4.8% consumer price index (CPI) inflation. Meanwhile, public sector take home pay growth continues to sit at a lower growth rate than the private sector, at 2.0% for the corresponding period.