VocaLink’s Chief Marketing Officer, Martin Wilson said “We are delighted to be working with Seceti. Through our collaboration we are expanding our reach options in Europe, which ensures we are able to deliver the most cost effective and efficient service to the mutual benefit of our clients.”
In July 2006, in preparation for SEPA, VocaLink implemented Europe’s most advanced payment platform, capable of securely processing 36 billion credit transfers and direct debits. The agreement with Seceti is another major milestone on the path to delivering VocaLink’s SEPA solution into the European banking market. Its unique approach to reach, draws on a network of partner banks, interoperable CSMs and bank’s own bilateral arrangements. This ensures a single point of entry for VocaLink’s clients.
Giuseppe Capponcelli, General Manager of Seceti commented “SEPA brings unique challenges for European banks and corporates and VocaLink is once again at the forefront of providing innovative solutions. Seceti’s reciprocal clearing service arrangement with VocaLink will allow us to provide guaranteed reach for our clients.”
In April 2007, VocaLink announced the signing of a memorandum of understanding with the EBA to deliver reach into 31 markets for SEPA. This signed memorandum of understanding between VocaLink and Seceti will allow both organisations to provide their clients with an expanded choice of routing options to suit their needs.