29 September 2016

VocaLink partners BCSIS on Immediate Payments in Singapore

29 October 2012  |  7836 views  |  0 Singapore Building 1

VocaLink has teamed up with Singapore's BCSIS to roll out its Immediate Payments technology at the banks in the Asian country.

Last year British bank-owned VocaLink sought to capitalise on the infrastructure it developed for the UK's Faster Payments Service with a global offering.

Immediate Payments is designed to enable banks to offer consumers and businesses the ability to transfer funds between accounts in real time and to deliver mobile and online products and services.

The British firm has focussed its efforts on the Asia Pacific market, inking a deal with Fundtech at launch before working with First Data and Accenture earlier this year to pitch the technology in Australia.

Now it has trained its eye on Singapore, with local expert BCSIS on-board to help promote, implement and support Immediate Payments. So far, VocaLink says, more than 10 banks are committed to go live with the service, and more will join in subsequent tranches.

Marc Terry, MD, commercial services, VocaLink, says: "We strongly believe this is best achieved through a collaborative approach, partnering with local experts such as BCSIS who have the acknowledged skills and capabilities and we look forward to working with them to deliver these solutions."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

VocaLink, First Data and Accenture pitch Aussie real-time payments system

VocaLink, First Data and Accenture pitch Aussie real-time payments system

11 September 2012  |  11501 views  |  1 comments | 1 linkedin
Singapore telcos launch NFC mobile wallets

Singapore telcos launch NFC mobile wallets

24 August 2012  |  8519 views  |  0 comments
Singapore banks move to EMV for ATM cards

Singapore banks move to EMV for ATM cards

20 January 2012  |  7970 views  |  0 comments
VocaLink ditches Sepa services

VocaLink ditches Sepa services

22 August 2011  |  16161 views  |  4 comments
Brits want 'Immediate Mobile Payments' - VocaLink

Brits want 'Immediate Mobile Payments' - VocaLink

25 October 2010  |  9771 views  |  0 comments
Faster Payments slow so far, but business cases for banks emerging

Faster Payments slow so far, but business cases for banks emerging

15 September 2009  |  10180 views  |  1 comments
Payments Council rebuts OFT criticism on Faster Payments

Payments Council rebuts OFT criticism on Faster Payments

11 August 2009  |  7651 views  |  0 comments
UK's Faster Payments service goes live

UK's Faster Payments service goes live

27 May 2008  |  14033 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit equens.comFind out moreVisit dh.com

Top topics

Most viewed Most shared
RBS tests demonstrate ability of Ethereum to support a national domestic payments systemRBS tests demonstrate ability of Ethereum...
14416 views comments | 55 tweets | 48 linkedin
Ripple rudely gatecrashes Sibos partyRipple rudely gatecrashes Sibos party
9205 views comments | 29 tweets | 26 linkedin
Swift beware: Ripple signs banks to global payments steering groupSwift beware: Ripple signs banks to global...
9105 views comments | 33 tweets | 18 linkedin
BNP Paribas is working with clients on blockchain deploymentBNP Paribas is working with clients on blo...
7411 views comments | 14 tweets | 30 linkedin
US gets same day ACHUS gets same day ACH
6988 views comments | 23 tweets | 19 linkedin

Featured job

to c.£100K base, double OTE
London, UK (covering Europe)

Find your next job