VocaLink Partners With ABN AMRO for SEPA Clearing Services

By Vocalink, PRNE
Sunday, October 24, 2010

AMSTERDAM, October 25, 2010 - VocaLink, the international payments specialist, today
announced that it has selected ABN AMRO as its new Liquidity Bridge Bank.
This will ensure it can continue to deliver SEPA payments to all available
destinations through its interoperability agreement with EBA Clearing.

Several leading European banks use VocaLink's service to
secure later cut-off and earlier delivery of payments to key destinations
where VocaLink has bespoke arrangements. This enables banks to compete more
effectively for corporate payments business, allowing treasurers to conduct
business more efficiently and improve their liquidity.

Superiority in SEPA services is beginning to emerge as a
competitive factor for corporate payments banking business. Corporates,
particularly those trading primarily with other businesses, increasingly
recognise the value of managing their business from a single account. Banks
using VocaLink as their clearing partner stand out because they can accept
payment instructions later in the day and/or deliver them more quickly.

Maarten Mol, Chief Operating Officer at ABN AMRO, comments:
"Our partnership with VocaLink will provide banks and their customers with
greater flexibility in submitting payments. Ultimately, this allows corporate
treasurers to do more business and grow their business long-term. In
addition, it underlines our position as a leading financial institution in
Europe and one of the few banks able to provide this kind of specialist
service."

Fred Bar, Managing Director, Euro Services at Vocalink, adds:
"Through VocaLink's CSM service, which has been operational since early 2008,
banks are already able to submit payments quickly and efficiently. This
agreement with ABN AMRO complements our existing service and ensures we can
reach 100% of SEPA destinations."

The VocaLink Euro CSM offers a comprehensive range of SEPA
payment services, including SEPA Credit Transfers, SEPA Direct Debits and a
suite of value-added services such as payment capture and authorisation and
mandate management.

About ABN AMRO

With a rich history dating back to 1720, ABN AMRO is a highly respected
and stable banking partner for our clients.

We are proud of our heritage and excited by our potential, with a
constant aim to help our customers conduct their business more effectively.
The new ABN AMRO offers a complete range of retail, private banking,
commercial and merchant banking products and services.

We service more than 6,8 million retail clients in the Netherlands and
offer a broad range of financial products and services to private clients,
entrepreneurs and corporates via various distribution channels.

On average, we process nearly 6,5 million payments daily.

We employ about 30,000 people, of which over 5000 outside the
Netherlands
. The bank has an international reach across 28 countries and
territories.

Let 180 years of international experience work for you.

About VocaLink

VocaLink is a specialist payments partner to banks, their corporate
customers and government departments. We design and deliver smarter domestic
and international automated payments systems, and smarter ATM switching
solutions. In fact, our switching platform connects over 60,000 ATMs, the
world's busiest network, while our payments platform processes over 500
million payments per month.

Having pioneered electronic payments for over 40 years it's perhaps no
surprise that many major organisations have come to rely on our services.

For example, our Real-time Payments Platform is the central
infrastructure for the UK's Faster Payments Service, whilst we are working
with BGC, Sweden's leading payments provider, to provide outsourced
processing for the majority of Sweden's domestic payments.

We are very proud of our service delivery record. Our platforms operate
on never-fail technology to ensure total reliability and availability 24
hours a day allowing us to meet our customer needs.

In short, our smarter payments capabilities offer banks, corporates and
government departments reach throughout SEPA and beyond.

VocaLink. Safer payments, smarter partner.

    Zoe Gray
    Hotwire (PR for VocaLink)
    +44(0)207-608-2500

    Deborah Souter/Elena Holliday
    VocaLink
    +44(0)870-920-8651 / +44(0)870-920-8637

Zoe Gray, Hotwire (PR for VocaLink), +44(0)207-608-2500; And Deborah Souter/Elena Holliday, VocaLink, +44(0)870-920-8651 / +44(0)870-920-8637

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