Dexia Bank Belgium has signed a contract with ATM switching solutions provider VocaLink for transaction processing services.
Under the contract, Dexia Belgium will use the VocaLink Euro Clearing and Settlement Mechanism (CSM) to support the processing needs of its customers.The VocaLink Euro CSM was launched in January 2008 to process Single Euro Payments Area (SEPA) transactions and offer other payment services. It is providing SEPA credit transfers and VocaLink is working on developing a SEPA direct debit pilot as well as a suite of value-added services including payment capture and mandate management.Erwin Ruymaekers, payments director at Dexia Belgium, said: "VocaLink has been able to convince us of its capabilities and quality of service, enabling us to sign this contract. VocaLink offers a range of value-added services that we believe will be attractive to our customers, going beyond clearing and settlement and the basic requirements of SEPA compliance."Martin Wilson, chief commercial officer of VocaLink, said: "We are delighted that Dexia Belgium has chosen to join the VocaLink Euro CSM. This brings another significant player into the VocaLink Euro CSM as we continue to grow within this region."
