payport


PayPort is an end-to-end gateway service which connects financial institutions directly to the Faster Payments service, providing the required technology to become a Direct Participant or Agency of the scheme.

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PayPort by Vocalink is the Faster Payments Managed Service Gateway accredited for Direct Participants, Sponsors and Direct Agencies. It helps to facilitate a level playing field between established financial institutions and challengers, enabling immediate payments for all kinds of PSPs.

Since 2008, the Faster Payments Service has given UK consumers and businesses a fast and secure way to move money online, at any time of day or night.

To remain relevant and meet your customers’ fast-changing demands, you need to make the most of the real-time Faster Payments infrastructure – and that’s where PayPort can help.

MEET YOUR CUSTOMERS’ NEEDS

Customer expectations are rapidly changing and they are increasingly demanding higher and more sophisticated levels of functionality from their digital applications to make payments.

These payments could involve paying bills, making emergency payments, instant loan transfers or mobile payments through digital applications such as Paym and Zapp.

By connecting you to Faster Payments, PayPort enables you to meet such customer demands and to create customer-centric propositions built upon immediate payments.

 

WHY a managed service makes sense

Many financial organisations, including challenger banks and new payment service providers, need access to Faster Payments.

But there are many regulatory and technical complexities to tackle if you want to do it ‘in-house’.

PayPort is a managed service that provides access to Faster Payments. Our team of PayPort experts will guide you through the journey of implementation and the membership application process.

You will have a compliant, highly resilient and low-risk service that is underpinned by Vocalink’s award-winning technology.

IS PAYPORT RIGHT FOR YOU?

PayPort is ideal for any organisation seeking low-risk, fast and reliable access to Faster Payments, including challenger banks, payment service providers, money transfer businesses or electronic money institutions.

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You are a member of the Faster Payments Scheme Limited, or in the process of becoming one

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You hold a banking licence, or you’re applying for one

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You do not hold a banking licence but have, or will have, a Sponsor bank agreement

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You want to join Faster Payments and you are looking for a bank Sponsor.

Why choose Vocalink?

Many of the world’s top banks and financial institutions trust Vocalink to provide world-class payment services.

We designed and implemented the UK’s Faster Payments system in 2008, and have managed the system ever since – so our heritage and expertise is second-to-none.

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SOUNDS IDEAL

What are the next steps?

The PayPort journey begins with an initial call to discuss your needs covering your current and future business model. The call is followed by a more detailed face-to-face meeting to talk through your business requirements, current systems and the PayPort service.

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