28 October 2016
John Doyle


John Doyle - The Card Issuing Business

24Posts 111,320Views 10Comments
UK Faster Payments

UK Faster Payments

A place to discuss and share information on the introduction of the UK Faster Payments scheme
A post relating to this item from Finextra:

VocaLink names David Yates as new CEO as King moves on

06 December 2011  |  13033 views  |  0
UK payments processor VocaLink has apppointed David Yates from Western Union as its new chief executive, taking over from Marion King who steps down after nine years at the helm.

The King Legacy from the Queen of Payments

07 December 2011  |  4806 views  |  1
Change always comes at a price, and VocaLink needs to change; and Marion is the price. It would be unkind and unfair to view her time as CEO as a failure because she made a huge difference at VocaLink. Under her watch the organisation moved from a government bureaucracy to a commercial company that had a voice in Europe. At the same time as developing new products and services; the core business was in good hands and prospered. Marion played her part in the development of VocaLink as an ACH and as should be the case, she left it in better health than she found it 9 years ago. We can all say we would have done it different, but given the pressure she was under to maintain the core, develop independent products and services, meet shareholder expectations which were diverse and satisfy new investors needs her tasks were considerable. Her legacy is a company whose core business is sound and which provides a strong platform for providing the UK banking infrastructure with solid innovation. Now the debate should begin over what role VocaLink can play in the future; it's thanks to Marion that it is poised to move in any direction the shareholders choose.

Comments: (1)

Ketharaman Swaminathan
Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune | 08 December, 2011, 14:30


I've personally interacted with Marion King while leading the consortium that included VocaLink and implemented FPS for a Top 5 UK Bank. Against this backdrop, I fully agree with your views about her. Best wishes to her and to the incoming CEO David Yates in their respective future endeavors. 

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Latest posts from John

What next for Brexit?

27 June 2016  |  4032 views  |  0 comments | recomends Recommends 0 TagsPaymentsRisk & regulationBrexitGroupTrends in Financial Services

Want to know a secret about the referendum?

31 May 2016  |  8707 views  |  0 comments | recomends Recommends 0 TagsPaymentsRisk & regulationBrexitGroupTrends in Financial Services

What happened to prudent banking practice?

23 May 2016  |  4040 views  |  0 comments | recomends Recommends 0 TagsPaymentsRisk & regulationGroupSWIFT Matters

Brexit made simple

26 April 2016  |  3479 views  |  0 comments | recomends Recommends 0 TagsRisk & regulationFinancial inclusionGroupTrends in Financial Services

PSR - Access to markets update

03 March 2016  |  2025 views  |  0 comments | recomends Recommends 0 TagsPaymentsInnovationGroupTrends in Financial Services

John's profile

job title Managing Director
location London
member since 2007
Summary profile See full profile »
Start-up new pre-paid card issuer.

John's expertise

Who's commenting on John's posts

Ketharaman Swaminathan