VocaLink Partners with BCSIS to Offer Immediate Payments in Singapore

VocaLink Partners with BCSIS to Offer Immediate Payments in Singapore PR Newswire OSAKA, Japan, October 29, 2012 OSAKA, Japan, October 29, 2012 /PRNewswire/ -- VocaLink, the international payments provider today announced a partnership with BCSIS Pte Ltd, the Asian payments solution provider based in Singapore, to market, implement and support VocaLink's Immediate Payments solution. Immediate Payments will enable banks to offer consumers and businesses the ability to transfer funds between bank accounts in real time and to deliver innovative products and services based on mobile and on-line channels. Marc Terry, Managing Director of Commercial Services at VocaLink said "We are delighted to announce this agreement with BCSIS. Our aim is to provide payments solutions that enable innovation in the financial services industry in Singapore and other territories in the region. We strongly believe this is best achieved through a collaborative approach, partnering with local experts such as BCSIS who have the acknowledged skills and capabilities and we look forward to working with them to deliver these solutions." Under the agreement, BCSIS will promote, implement and support VocaLink's Immediate Payments product in conjunction with VocaLink's payments technology expertise.