VocaLink Partners With SMA Financial to Offer Additional SWIFT-Related Bureau Services in the UK
By Vocalink, PRNETuesday, February 16, 2010
LONDON, February 18, 2010 - VocaLink, the international payments specialists, today announced that it
has partnered with SMA Financial to deliver smart, comprehensive connectivity
solutions to banks and their corporate customers in the UK.
The service, which is an extension of VocaLink's established Service
Bureau, offers advanced transformation and routing solutions as well as
providing viable, low cost, hosted connectivity to a range of channels
including SWIFTNet. Designed to remove the in-house operational cost of
managing multiple bank relationships, it enables banks to consolidate
multiple accounts through a single standardised platform whilst benefiting
from economies of scale. Corporate customers will also benefit, by gaining
easier access to their chosen payment service provider and banks through this
single access point for all of their payments, regardless of the format.
The partnership strengthens VocaLink's core offering in the UK to provide
its customers with high volume, reliable payments processing in a cost
effective environment. It builds upon VocaLink's established relationship
with SMA, having worked on a number of business and technical SWIFT projects
over the last three years. The collaboration will enable VocaLink to offer
greater flexibility for designing efficient migration and payments
consolidation strategies for UK banks, allowing them to reap the benefits of
cost reduction and improved control.
Simon Murby, Managing Director at SMA Financial, comments: "By partnering
with SMA and leveraging its SWIFT outsource and messaging expertise ,
VocaLink has strengthened its position as a leading player in the payments
industry. The partnership will ensure VocaLink's customers can concentrate on
running their core business safe in the knowledge that all of their payments
needs will be managed by the two industry experts in financial messaging. As
VocaLink's Bureau of choice for the UK market, it reinforces SMA's position
as the leading provider of outsourced SWIFT connectivity and related
services."
Fred Bär, Managing Director for Euro Services at VocaLink commented:
"This partnership allows us to offer a range of advanced connectivity
capabilities and standards, enabling our customers to benefit from a single
route for all their connectivity, transformation and routing needs. By
outsourcing to payments and connectivity specialists, operational overheads
are greatly reduced and banks and corporates are able to streamline their
payments, increase straight-through processing (STP) and reduce operational
risk. As a result, we are able to fulfil the highest requirements in terms of
stability, availability and security at the same time."
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've partnered
with BGC, Sweden's leading payments provider, who now outsource the majority
of Sweden's domestic payments to us.
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.
Please visit www.vocalink.com for more information
About SMA Financial
Founded in 1995, SMA Financial has established its leadership as a source
of specialist knowledge and expertise in the financial services industry
providing SWIFT services, product and support. SMA Financial is the SWIFT
Regional Partner for UK, Ireland, Channel Islands and the Nordics. It is the
most extensively SWIFT accredited partner with over 300 successful
implementations with banks, corporates and other financial institutions
including more than 100 active SWIFT Service Bureau users. The company
provides SWIFT Service Bureau, AML and SystemCare solutions as well as
experienced consultancy services.
For further information please visit www.sma.co.uk
Notes to Editors: For further information, please contact: Suzanne Hewitt, Hotwire, +44(0)20-7608-2500 or vocalinkuk at hotwirepr.com; Deborah Souter, VocaLink Limited, +44(0)870-920-8651 or deborah.souter at VocaLink.com; Jenny Swift, Rivercalm (SMA enquiries) +44(0)207-152-6118 E: swift at rivercalm.com
Tags: England, February 18, London, VocaLink