VocaLink has launched its new multi-channel gateway product, enabling banks to offer customers real-time, inter-bank m-payment services.
This has been designed to work in conjunction with the VocaLink Immediate Payment solution, although it can operate equally well with other payment services, such as the UK’s Faster Payments Service and the LINK network.
Central to the multi-channel gateway is a proxy database that has a look-up capability to associate a proxy such as a mobile phone number or email address to identify customer bank details and enables the payment to be completed. Marc Terry, managing director, global transaction services at VocaLink, says: “This provides the final piece of the jigsaw that allows customers to initiate real-time mobile payments just by supplying the beneficiary’s mobile phone number.”
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