VocaLink is teaming up with Clear2Pay to facilitate the move to global Immediate Payments. The partnership means financial institutions can integrate their systems with the Immediate Payments solution and realise and pass on the benefits to their corporate and consumer customers. It is envisaged that this will facilitate the global adoption of new payment channels, such as p2p payments via the mobile.
Marc Terry, managing director, global transaction dervices at VocaLink, says: “The drive towards immediacy in payments is becoming increasingly important as consumers want to make payments from anywhere, at anytime. At VocaLink we understand the need for an integrated end-to-end payments system and are extremely pleased to be working with Clear2Pay to accelerate the move towards global immediate payments.”
Mark Hartley, chief marketing officer at Clear2Pay, comments: “Central banks and governments around the world see benefits in Immediate Payment schemes in the sense of reduced settlement risk a richer consumer proposition and equally important, a higher velocity of money within the economy. As such the market urgently calls for new and secure schemes without having to reinvent the wheel. This co-operation between Vocalink and Clear2Pay’s technology offers just that to the market today.”
Latest News
Creating value together: Strategic partnerships in the age of GCCs
As Global Capability Centres reshape the financial services landscape, one question stands out: how do leading banks balance in-house innovation with strategic partnerships to drive real transformation?
Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories