VIENNA, BRUSSELS and LONDON, September 16 /PRNewswire/ -- Dexia Belgium has joined the VocaLink Euro CSM (Clearing & Settlement Mechanism). Today, Dexia Belgium signed a contract with VocaLink for transaction processing. Dexia Belgium will use the VocaLink Euro CSM to support the processing needs of its customers.
Erwin Ruymaekers, payments director at Dexia Belgium said: "VocaLink has been able to convince us of its capabilities and quality of service, enabling us to sign this contract today. VocaLink offers a range of value-added services that we believe will be attractive to our customers, going beyond clearing and settlement and the basic requirements of SEPA compliance."
Martin Wilson, chief commercial officer at VocaLink, commented: "We are delighted that Dexia Belgium has chosen to join the VocaLink Euro CSM. This brings another significant player into the VocaLink Euro CSM as we continue to grow within this region."
The VocaLink Euro CSM was launched in January to process SEPA transactions and offer other payment services. It is providing SEPA credit transfers and VocaLink is working on developing a SEPA direct debit pilot as well as a suite of value-added services including payment capture and mandate management.
Notes to Editors
About VocaLink
VocaLink is a specialist provider of transaction services to banks, their corporate customers and Government departments. It processes domestic and international automated payments and provides ATM switching solutions. On a peak day, the VocaLink automated payment platform processes over 90 million transactions and over half a billion in a month. Its switching platform connects the world's busiest ATM network of over 60,000 ATMs. Its Real-Time Payments platform provides the central infrastructure for the UK Faster Payments service. VocaLink is working with BGC to provide outsourced processing for the majority of Sweden's domestic payments.
Having pioneered electronic payments for over four decades, many of the world's top banks and their corporate customers rely on VocaLink to meet their transaction needs. Its processing services offer banks reach throughout the Single Euro Payments Area (SEPA) and beyond; and are complemented by value-added services that leverage industry expertise and technical capabilities.
Please visit http://www.vocalink.com for more information.
About Dexia Bank
Dexia Bank Belgium was created in 1860 as the Crédit Communal de Belgique and developed as the financial institution of municipalities. In 1996 it joined Crédit Local de France and Banque Internationale à Luxembourg to create the Dexia Group. In 2002, the bank acquired Artesia (the result of the merger of BACOB and Paribas Belgium).
Dexia currently employs some 35,200 staff and has operations in about thirty countries. Dexia enjoys one of the best credit ratings in the banking sector. Dexia's development strategy is based on two pillars: Universal Banking in Europe (Belgium, Luxembourg, Slovakia and Turkey), and a worldwide leadership in Public/Project Finance.
Dexia Belgium is active in most of the Group's business lines: Public/Project Finance, Personal Financial Services, Asset Management and Treasury and Financial Markets activities. It is a leading player in the Belgian payment landscape.
For further information please contact: Gerald Cross at the JJ Group +44(0)1865-343100 or vocalink@thejjgroup.com Kevin Monks at VocaLink +44(0)870-920-8574 or kevin.monks@vocalink.com Deborah Souter at VocaLink +44(0)870-920-8651 or deborah.souter@vocalink.com
For further information please contact: Gerald Cross at the JJ Group, +44(0)1865-343100 or vocalink@thejjgroup.com; Kevin Monks at VocaLink, +44(0)870-920-8574 or kevin.monks@vocalink.com; Deborah Souter at VocaLink, +44(0)870-920-8651 or deborah.souter@vocalink.com
Comments