09 December 2015
PayPort by VocaLink and Capgemini join forces
Capgemini, one of the world’s foremost providers of consulting, technology, and outsourcing services, announced today that it has formalized a strategic relationship with VocaLink and is adding PayPort to Capgemini’s Connected Banking solution. PayPort will provide banks and Payment Services Providers (PSPs) alike with comprehensive, yet simple access to the core UK payments infrastructure.
Designed to be flexible, agile and capable of rapid evolution, Connected Banking is an innovative solution for a cloud or hosted banking ecosystem based on Temenos T24 that connects industry leading products to provide superior banking services. Connected Banking is designed for customer centricity across every channel for a better customer experience, supported by a robust digital framework with powerful analytics.
With availability through Connected Banking from Capgemini, PayPort will initially provide Financial Institutions (FIs) with a single point of access to the Faster Payments Service, without the need for FIs to build or maintain their own costly infrastructure. Over time, PayPort is expected to expand to also enable access to many other payment types, such as Bacs, Swift, SEPA instruments and CHAPS.
“As a trusted payments partner in the UK for many years, VocaLink is pleased to be able to offer a solution that simplifies and broadens access to the Faster Payments Service in the UK, together with Capgemini,” Jim Wadsworth, Product Director, VocaLink. “By making PayPort available through Connected Banking from Capgemini, more banks will have the peace of mind that their payments services will be available in real-time, while being maintained and updated to keep pace with changes in technology and the evolving payment environment.”