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VocaLink launch PayPort for Faster Payments

VocaLink launch PayPort for Faster Payments

VocaLink has launched PayPort, an end-to-end service that offers banks and other financial institutions fast, efficient and secure access to Faster Payments without the cost of introducing a new technology infrastructure.

PayPort is one of the very first platforms to be accredited under the FPSL’s new Access Model and will

VocaLink launch PayPort for Faster Payments

VocaLink launch PayPort for Faster Payments

help facilitate a level playing field between larger established financial institutions and up and coming challenger banks.

It is operated as a fully managed service, meaning that institutions do not need to take on the associated costs and risks involved in introducing a major, new technology infrastructure. This allows them to focus on their own business and customer priorities, whilst also ensuring that real-time payments can be made more easily.

 “Our new technical accreditation service marks another big step forward in levelling the playing field for access to the world-leading Faster Payments service, by stimulating the market for FinTechs offering services through our New Access Model,” comments Craig Tillotson, CEO, Faster Payments Scheme Limited.

“2016 will represent a step change for PSPs looking to access the payment services their customers demand. Faster Payments is leading the way in this competitively vital area – our work on access is a critical component of our strategy to deliver the benefits of real-time payments across the whole UK economy.”

The post VocaLink launch PayPort for Faster Payments appeared first on Payments Cards & Mobile.

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