Accumulate proves interoperability with VocaLink to demonstrate secure end to end mobile payments solution
London and Stockholm, Sweden – 14 November, 2011. Accumulate, the technology leader in connected mobile solutions, today announced they have proved interoperability of their systems with VocaLink, the international payments provider, to provide a compelling demonstration of secure, real-time, Mobile Payments. Combining VocaLink’s interbank real-time payments solution, Immediate Payments, with Accumulate’s mobile security platform Mobile Everywhere, gives banks and clearing houses a proven capability to make interbank real-time account to account transfers through the mobile channel.
Marc Terry, Managing Director, Global Transaction Services at VocaLink said “Demonstrating the integration of our Immediate Payments, with Accumulate’s award winning mobile security platform, gives our customers a secure, easy to use and cost effective mobile payment solution.”
Vocalink’s Faster Payments Service, built and operated in the UK on behalf of ChapsCo, recently celebrated 3 years and over 1 billion transactions. Following VocaLink’s launch of Immediate Payments, its real-time solution for all other geographies, integration with Accumulate’s Mobile Everywhere demonstrates the power of real-time payments when coupled with a mobile device through a secure mobile channel.
VocaLink’s Multi-Channel Gateway, a component of Immediate Payments, allows secure connections from a variety of interfaces and when used in conjunction with Mobile Everywhere demonstrates the potential to perform secure person to person interbank transactions on mobile devices.
”For banks and financial institutions that want to offer their customers a full mobile payment service, this is a very smart and cost effective solution. Combining VocaLink’s cutting-edge real-time clearing and settlement system with our mobile security platform provides a secure and flexible way for banks to deliver easy to use and attractive, customer branded, mobile payment services” says Stefan Hultberg, Chief Executive Officer of Accumulate.
More information
Stefan Hultberg, +46 70 350 5704, stefan.hultberg@accumulate.se.
Deborah Souter, VocaLink Limited, +44 (0)870 920 8651, deborah.souter@VocaLink.com
About Accumulate
Accumulate is enabling the next generation of mobile payments with a solution that covers all payment situations along with the outmost security and flexibility. Completing the sales offer with a comprehensive portfolio within mobile banking and mobile security makes Accumulate a leading actor in the world market for mobile financial services. For more information visit www.accumulate.se.
About VocaLink
VocaLink is a specialist payments partner to banks, their corporate customers and government departments. We design and deliver smarter domestic and international automated payments systems, and smarter ATM switching solutions. In fact, our switching platform connects over 60,000 ATMs, the world’s busiest network, while our payments platform processes over 500 million payments per month.
Having pioneered electronic payments for over 40 years it’s perhaps no surprise that many major organisations have come to rely on our services. For example, our Real-time Payments Platform is the central infrastructure for the UK’s Faster Payments Service, whilst we are working with BGC, Sweden’s leading payments provider, to provide outsourced processing for the majority of Sweden’s domestic payments.
VocaLink is also committed to corporate social responsibility. We seek to drive beyond industry best practice and set the standard as an innovative business partner. www.vocalink.com
