VocaLink, the UK-based international payments specialist, has announced the opening of its European centre in the Amsterdam World Trade Center .
The new centre is a response to its growing customer base in the Benelux region, said VocaLink, and underpins its commitment to supporting clients in their local markets, whilst recognising that payment systems must provide international capabilities.
VocaLink is a specialist provider of payment 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, VocaLink’s 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.
"We are delighted to announce the opening of a new European centre in Amsterdam,” said CEO Marion King. “Being physically closer to our clients has become of paramount importance.
“With further harmonisation in the European payments market expected, VocaLink will continue to listen to customers' requirements and align our investment and presence accordingly."
VocaLink already processes more than 15% of the total volume of European payments, and has invested in the development of a Euro Clearing and Settlement Mechanism, which will facilitate the processing of both domestic Euro and SEPA pan-European payments.
The introduction of SEPA Direct Debit in November 2009, VocaLink will be able to provide reach to any bank across Europe.