Vocalink and LINK extend payments settlement partnership until 2031

Monday 28 October 2019 11:00 CET | News

US-based Vocalink, a Mastercard company, has signed a new contract with UK-based interbank network LINK to provide settlement services until 2031.

Having been the infrastructure partner to LINK since 1986, Vocalink will remain the technology provider behind the 60,000 ATMs connected to the LINK network. 2.9 billion customer transactions were made in the LINK network in 2018. Almost all of the UK’s key debit and ATM card issuers and all the main cash machine operators (including banks, building societies and independent ATM deployers) are members of the LINK network.

In the UK, Vocalink is the infrastructure provider for Faster Payments, Bacs, LINK, and Cheque & Credit Clearing Company Ltd. It is also the provider of SWIFT Net File ACT based SWIFT Transmission Solution (STS) Gateway Product, the channel into the Bacs solutions, and all ancillary solutions including CASS (Current Account Switching Solution).

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Keywords: VocaLink, Link, partnership, Faster Payments, BACS, Link, and Cheque & Credit Clearing Company, SWIFT, Transmission Solution (STS) Gateway Product, settlement system, ATM, online payments, UK, United Kingdom, Europe, Current Account Switching Solution, CASS
Categories: Payments & Commerce
Countries: United Kingdom
This article is part of category

Payments & Commerce