VocaLink to manage the YourCash European ATM network
VocaLink, the international payment systems provider, has signed a three year contract with YourCash to manage an ATM network of more than 1,000 machines in the Netherlands and Belgium.
VocaLink, who already work with YourCash and over 4,000 of their ATMs in the UK, will be responsible for ATM processing, Dynamic Currency Conversion and Settlement Management and Reporting.
The deal further demonstrates VocaLink’s proven track record in bringing its expertise and solutions to new markets, gained by processing on behalf of the UK Link ATM network. The announcement follows VocaLink’s recent contract win with The Clearing House, providing faster payments in the U.S. The organisation has delivered the same technology in Singapore and is currently in talks to provide faster payments in Thailand.
YourCash is an experienced, pan European provider of internal and external ATMs across the UK, Ireland, Netherlands and Belgium. They operate a varied estate of circa 5000 ATMs and every year their ATMs are used by millions of consumers, requesting billions of Pounds and Euros.
“Following an extensive and rigorous selection process, we chose VocaLink as a partner due to their proven track record, excellent support and solution flexibility. The interoperability of their solutions is incredibly important to us, meaning that they can support a broad range of ATM hardware, software and functionality. We were also impressed with VocaLink’s excellent service and support in managing the transition to a solution that met our specific requirements.”
David Yates, Chief Executive Officer at VocaLink, commented:
“We are proud to be taking our successful ATM solutions to the European market – demonstrating the success UK FinTech is having overseas. As we move towards global payments convergence and ubiquity, the deal showcases VocaLink’s ability to deliver expertise across different but complementary international payment networks.”