VocaLinkâs Chief Marketing Officer, Martin Wilson said âWe 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.â
In July 2006, in preparation for SEPA, VocaLink implemented Europeâs 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 VocaLinkâs SEPA solution into the European banking market. Its unique approach to reach, draws on a network of partner banks, interoperable CSMs and bankâs own bilateral arrangements. This ensures a single point of entry for VocaLinkâs clients.
Giuseppe Capponcelli, General Manager of Seceti commented âSEPA brings unique challenges for European banks and corporates and VocaLink is once again at the forefront of providing innovative solutions. Secetiâs reciprocal clearing service arrangement with VocaLink will allow us to provide guaranteed reach for our clients.â
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.