Since its inception in 2008, Faster Payments Service enables interbank fund transfers via the internet or phone.
The development of the central mobile database for the Payments Council will allow consumers to link their mobile phone number to their bank account and make instant payments, using the Faster Payments Service, without the payee having to reveal their bank account details.
VocaLink designs, builds and operates payment systems and ATM switching platforms. In recent news, VocaLink has teamed up with BCSIS, an Asian payments solution provider, to market, implement and support its Immediate Payments System in Singapore.
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