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VocaLink to undertake a phased withdrawal of its SEPA services

Tuesday 23 August 2011 10:06 CET | News

UK-based specialist payments provider VocaLink is set to make a phased withdrawal of its Euro CSM and SEPA value added services, while at the same time realigning its global business strategy.

According to Marion King, Chief Executive Officer at VocaLink, “whilst SEPA has been a positive development for Europe, volumes remain comparatively low. As a result, we have decided to realign our global products to reflect our customers’ current priorities around immediate payments”.

Following a review of the global payments market, VocaLink has created a Global Transaction Services team. Under the leadership of Marc Terry, Managing Director of Global Transaction Services at VocaLink, the team is expected to deliver a range of services to global customers and partners through its immediate payments expertise and presence in clearing and switching.


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Keywords: VocaLink, UK, immediate payments, SEPA
Categories: Payments & Commerce
Companies:
Countries: World
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Payments & Commerce