19 November 2017
visit www.response.ncr.com

VocaLink partners BCSIS on Immediate Payments in Singapore

29 October 2012  |  8543 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  |  12136 views  |  1 comments | 1 linkedin
Singapore telcos launch NFC mobile wallets

Singapore telcos launch NFC mobile wallets

24 August 2012  |  8958 views  |  0 comments
Singapore banks move to EMV for ATM cards

Singapore banks move to EMV for ATM cards

20 January 2012  |  8447 views  |  0 comments
VocaLink ditches Sepa services

VocaLink ditches Sepa services

22 August 2011  |  18773 views  |  4 comments
Brits want 'Immediate Mobile Payments' - VocaLink

Brits want 'Immediate Mobile Payments' - VocaLink

25 October 2010  |  10184 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  |  10975 views  |  1 comments
Payments Council rebuts OFT criticism on Faster Payments

Payments Council rebuts OFT criticism on Faster Payments

11 August 2009  |  8072 views  |  0 comments
UK's Faster Payments service goes live

UK's Faster Payments service goes live

27 May 2008  |  14716 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.aciworldwide.comvisit www.ncr.com

Top topics

Most viewed Most shared
Ripple boss predicts central bank adoption of blockchainRipple boss predicts central bank adoption...
16071 views comments | 24 tweets | 25 linkedin
Singapore central bank open sources blockchain prototypesSingapore central bank open sources blockc...
12278 views comments | 15 tweets | 29 linkedin
AmEx partners Ripple and Santander for blockchain-enabled cross-border paymentsAmEx partners Ripple and Santander for blo...
10313 views comments | 14 tweets | 39 linkedin
Digital receipt startup Flux scores game-changing deal with BarclaysDigital receipt startup Flux scores game-c...
10160 views comments | 20 tweets | 36 linkedin
UK cryptocurrency exchange startup launches debit card for spending bitcoinUK cryptocurrency exchange startup launche...
8519 views comments | 26 tweets | 37 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job