VocaLink will play an important part in UK’s ambitious plans to start the roll out of a national mobile P2P payment initiative during 2013.

Date: January 17, 2013
Author: Carol Wheatcroft
Categories: Channels, Mobile Banking, Retail Banking, Retail Payments, Technology & Operations
Keywords: VocaLink, P2P Payment, BACS, LINKS, Faster Payments, UK Payment Council, First Data, Accenture, Reserve Bank of Australia

As a result of an agreement reached by eight UK banks (Barclays, Danske Bank, Lloyds Banking Group, HSBC, Metro Bank, Royal Bank of Scotland and Santander) representing 90% of UK current accounts, through the auspices of the UK Payment Council, the banks are planning to use mobile phone numbers as a...