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PayPort One of the First to be Awarded Vendor Accreditation

29 March 2016

PayPort One of the First to be Awarded Vendor Accreditation

 
David Daniel,
Head of Brand & Communications,
VocaLink

PayPort by VocaLink has today announced that it is one of the very first platforms to gain Vendor Accreditation from Faster Payments Scheme Limited (FPSL), helping to facilitate a level playing field between larger established financial institutions and up and coming challenger banks.

PayPort is an end-to-end service that offers banks and other financial institutions fast, efficient and secure access to Faster Payments without the cost of introducing a new technology infrastructure. This allows organisations to focus on their own business, whilst also ensuring that real-time payments can be made more easily.

Jim Wadsworth, Product Director, VocaLink, said:

“We are committed to supporting the move towards a more open and efficient payments market that will benefit consumers, businesses and the UK economy as a whole.  We are delighted to have received one of the first Vendor Accreditations from FPSL; PayPort is a key step on the journey towards achieving access to Faster Payments for all financial institutions in a competitive and open market."

Craig Tillotson, CEO, Faster Payments Scheme Limited, said:

“Our new technical accreditation service marks another big step forward in levelling the playing field for access to the world-leading Faster Payments service, by stimulating the market for FinTechs offering services through our New Access Model. 2016 will represent a step change for PSPs looking to access the payment services their customers demand. Faster Payments is leading the way in this competitively vital area – our work on access is a critical component of our strategy to deliver the benefits of real-time payments across the whole UK economy.”

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