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 Voca and LINK Merge and Launch Pan-European Clearing Service  As you may have read in the press, the merger of two market leaders, Voca and Link, has been completed. Our new company, VocaLink, provides domestic and international transaction services and ATM switching solutions to banks and their corporate customers throughout Europe and beyond. At the same time, VocaLink is launching Europe's first independent pan-European payment service in partnership with 10 leading banks from across Europe. The VocaLink Euro CSM partnership heralds a new dawn in European payment processing. VocaLink has designed the service to operate on an independent and commercial basis, and the business model creates opportunities for all participants. Member banks may be partners and clients simultaneously and can launch SEPA services from January 2008. Founder members include Bank of America, Citi, Dexia Bank, Fortis, Lloyds TSB, RBS and Santander. The launch of the VocaLink Euro CSM is an industry first and aims to be highly inclusive. It encourages banks of all sizes to participate fully in the SEPA by exercising a range of choices in meeting their clients' needs. Founder members will work together to shape the future of the service, so subsequent joiners can tap into a wealth of expertise and continual service enhancements. In addition to core transaction processing services, banks will benefit from the development of new transaction services that include corporate access, Direct Debit Mandate management, Payment Exceptions management, AML and OFAC compliance as well as non-SEPA payment processing. The timing of the merger is highly significant, coming just a few months before the introduction of SEPA. The scale of our operation and breadth of our service portfolio means that we can help banks of all sizes meet the challenges of the future. The combined expertise of Voca and LINK also creates a superb platform for innovation. The formation of this new community opens a new chapter in the international payments business. This has been made possible by the support of these influential European banks and we are very excited about our future. For more information on the wide range of products and services available from VocaLink, visit our website www.vocalink.com, or follow this link to read our press release. |
About ATMIA
www.atmia.com
PO Box 452 – Brookings, SD 57006 USA
The ATM Industry Association is a non-profit, member-owned alliance dedicated to the global
advancement, proliferation and protection of automated teller machines. ATMIA is the world’s only
international trade body for the ATM industry with over 1,000 members in about 50 countries.
In June 2003, ATMIA established the Global ATM Security Alliance (GASA) (www.globalasa.com) with
the mission to employ global security resources in a united alliance in order to protect the ATM industry
from criminal activity. GASA publishes international security lifecycle best practices and manages
a global ATM crime data management system called Cognito, which includes an online fraud library.
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