VocaLink, the international payments specialist, today announced that Bawag P.S.K., Austria's fifth largest bank, has successfully outsourced its SWIFT infrastructure to the VocaLink Swift Service Bureau.
VocaLink have delivered this solution in partnership with BBP AG, one of the world's largest SWIFT Service Bureaus operators.
VocaLink's SWIFT Service Bureau provides the BAWAG group a comprehensive solution for processing high volumes of SWIFT FIN, FileAct and Browse in a highly resilient, reliable, secure and cost effective environment.
The Service Bureau's integration and conversion capabilities are designed to simplify message routing to applications, thereby BAWAG benefits from increased straight through processing rates and lower SWIFT total cost of ownership.
Rainer Schamberger, responsible Manager for payment transactions at BAWAG P.S.K., comments: "Since going live on the VocaLink SWIFT Service Bureau the single access to the payments world provides us with business benefits on several levels. The expense of maintaining multiple Merva interfaces in-house has been removed and consequently, our customers benefit from this investment in the form of low service charges. Furthermore, the risk and inconvenience of having to manage multiple systems and supplier relationships is eliminated."
Fred Bär, Managing Director for Euro Services at VocaLink, adds: "Through our partnership with BBP, we are able to offer BAWAG a single route to SWIFT services. This greatly reduces the operational overhead of managing SWIFT internally by outsourcing to SWIFT certified specialists, enabling BAWAG P.S.K. to better focus on their core business. As a result, we are able to fulfil the highest requirements in terms of stability, availability and security at the same time."