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3 April 2018
NatWest has further strengthened its fraud protection systems with the adoption of a sophisticated machine learning solution. Corporate Fraud Insights from Vocalink Analytics detects and alerts on corporate payments.
The system is designed to detect and prevent invoice redirection fraud - where businesses are duped into paying money into a fraudster’s account rather than to their intended supplier. Vocalink Analytics and NatWest worked together to develop, test and launch Corporate Fraud Insights, which identifies and flags suspicious non-real time payments.
1 Feb 2018
We are pleased to announce that BFC Bank has become the latest direct participant in the Faster Payments Scheme (“FPS”), via our award-winning service, PayPort. With participation in FPS, BFC Bank is now able to support Small to Medium-sized Enterprises (SMEs) and Payment Service Providers (PSPs) with their domestic payments.
PayPort is a managed, end-to-end service that offers banks, payment service providers, and their customers fast, efficient and secure access to Faster Payments, without the cost and overhead of otherwise implementing, running and maintaining their own technology infrastructures.
17 Jan 2018
Today, we are pleased to announce that Stig Korsgaard has joined the organisation as Vice President, European Sales. Based in Denmark, Stig’s appointment will further drive the growth of Vocalink's range of products with a focus on the development of real-time payments infrastructure and applications throughout Europe.
Stig brings a wealth of financial services experience to Vocalink having worked for twenty five years in Clearing Services, real-time payments, market infrastructures, payment business development and electronic data exchange. Stig joins from Nets in Denmark where, as part of the senior management team, he was Chief Sales Officer and Head of the Business Expansion and International Sales Department in Clearing Services at Nets A/S responsible for business development and international sales related to instant and other clearing platform solutions to global customers including partner strategy and communications.