PHOENIX, Ariz., April 20 (Bernama-BUSINESS WIRE) -- VocaLink announced today that it has been selected as the recipient of the 2016 George Mitchell Payments System Excellence Award. The award is given annually by NACHA—The Electronic Payments Association^®.

The award is named after former vice-chair of the Board of Governors of the Federal Reserve, George Mitchell, an early proponent of electronic payments. It honors an individual or organization that has shown superior leadership in the development, implementation or advancement of domestic or international electronic payments.

Cara O’Nions, Marketing and Customer Insight Director, at VocaLink commented: “We are thrilled to have won such a prestigious award. The global payments market is evolving fast and it’s great to be recognised for the key part we have played in its innovation and development.

“We are committed to becoming the leading real-time payment infrastructure provider globally and our work in collaboration with central banks, banks and other payment providers in Singapore, Thailand and the US takes us closer to this goal. As the US is the world’s largest payment area, the deal with The Clearing House is a particularly important milestone in reaching this vision. Over the coming year we will continue to focus on innovating our core business, expanding our existing platforms, developing new products based on customer needs and expanding our offering to international markets.”

VocaLink received the award for leadership in growing and advancing global payments, according to NACHA. Through innovation, expansion, and development of products supporting faster payments and mobile payments, VocaLink has helped to increase payments access, efficiency and security across the globe. It has successfully achieved this via collaborations with banks and other payment providers globally.

“NACHA is proud to recognize VocaLink as the recipient of the George Mitchell Payments System Excellence Award,” said Janet O. Estep, president and CEO of NACHA. “VocaLink has found innovative ways to meet the needs of a changing payments industry while demonstrating just how important and integral electronic payments are to everyday life.”

The award is part of NACHA’s Payments System Awards, which recognize the highest degree of achievement in the development, implementation and advancement of electronic payments. These prestigious awards celebrate excellence, outstanding accomplishments and superior leadership in innovation to further the ACH Network.

VocaLink and other recipients of the 2016 Payments System Awards will be recognized during the Payments System Awards Luncheon, sponsored by TD Bank, N.A., at PAYMENTS 2016, which is being held now through April 20 at the Phoenix Convention Center in Phoenix, Arizona.

PAYMENTS 2016 is the premier educational event for the payments industry. Financial institutions of all types and sizes, solution providers who are changing the market, corporate decision makers and government end-user customer organisations gather annually at the conference to move the payments industry forward.

To learn more, visit payments.nacha.org. 

About VocaLink

We’re VocaLink. A global payments partner to banks, corporates and governments. We design, build and operate world-class payment systems.
We believe that sustainable economies are powered by easy access to and movement of money. Our award-winning platforms and payment industry expertise make it easier for people to make payments confidently and securely. Last year we processed over 11 billion transactions with a value of £6 trillion. In the UK, we process over 90% of salaries, more than 70% of household bills and almost all state benefits. Every business and person in the UK benefits from our technology.

In the UK, our high availability, resilient payment systems power the Faster Payments Service on behalf of the Faster Payments Scheme, the Account Switching platform, Bacs and the Direct Debit Scheme. We also connect the world’s busiest network of over 70,000 ATMs through the LINK scheme.

Our proven capability of implementing real-time payment systems in the UK has led to the development of immediate payment solutions for other countries such as Singapore and the United States. Our vision is to be the leading real-time payment infrastructure provider globally, creating a positive impact on society by shaping the payments landscape worldwide.

Our approach to designing world-class payment systems is driven by the voice of our customers. Their needs are at the centre of everything we do and we strive to deliver a flawless experience every single time.

We’re VocaLink. Powering economies, empowering people.

For payment news and insight from Vocalink visit CONNECT - http://connect.vocalink.com/  

PAYMENTS 2016

PAYMENTS 2016, which is taking place April 17-20 at the Phoenix Convention Center in Arizona, is a proven, well-respected, and powerful event that provides attendees with the latest research, industry pilot results, insights, trends and forecasts to support and drive payments innovation. Information is delivered through interactive educational sessions and workshops with renowned speakers from financial institutions, corporations, government agencies, legal and regulatory bodies, consulting and research firms, service providers and more. Content is organized along six newly identified tracks— ACH: Now & Next; Surety: Rules, Regs & Risk; Impact: Trends & Technology; Strategy: Plan & Position; Experiences: Corporate & Consumer; and Buzz: Disrupt & Debate – to address the topics of today that are impacting the payments space. In addition, a dynamic Exhibit Hall of industry leaders features top products and services shaping the future of payments. Registration is now open. To learn more about PAYMENTS 2016, visit payments.nacha.org. 

NACHA — The Electronic Payments Association

Since 1974, NACHA – The Electronic Payments Association has served as trustee of the ACH Network, managing the development, administration and rules for the payment network that universally connects all 12,000 financial institutions in the U.S. The Network moves money and information directly from one bank account to another. Through its collaborative, self-governing model, education, and inclusive engagement of ACH Network participants, NACHA facilitates the expansion and diversification of electronic payments, supporting Direct Deposit and Direct Payment via ACH transactions, including ACH credit and debit payments, recurring and one-time payments; government, consumer and business transactions; international payments, and payments plus payment-related information. Through NACHA’s expertise and leadership, the ACH Network is now one of the largest, safest, and most reliable systems in the world, creating value and enabling innovation for all participants. Visit nacha.org for more information.