Interoperability Agreement Extends Network for SEPA Payments


UTRECHT, Netherlands and LONDON, September 9 /PRNewswire/ --     VocaLink and Equens, have implemented a bilateral link for the exchange
of SEPA payments. This is a major step in the implementation of the EACHA(1)
framework announced in October 2007 to help establish interoperability
between banks and European CSMs(2). The arrangement supports both companies'
SEPA offering while helping to create a more competitive market by allowing
banks to choose the payments processor or processors that best meet their
needs.

Martin Wilson, Chief Commercial Officer at VocaLink, commented, "This
launch with Equens illustrates our commitment to the EACHA framework and to
providing our customers with a fast and cost-effective method of reaching the
banks of other communities. This partnership enables us to improve the
products and level of service we can offer our customers at a fraction of the
cost of building a completely new network."

Manfred Schuck, General Manager Marketing & Sales at Equens: "This
connection with VocaLink is a logical step for Equens to further expand its
payments network in Europe. .Cooperation on infrastructure and competition on
services will truly help making SEPA a success. Our network and services
provide our clients a fast, efficient and reliable way to send and receive
their payments throughout Europe."

The interoperability goal outlined by the EACHA framework fully supports
the aims of SEPA and enables the simple and efficient exchange of SEPA
payments between CSMs, banks and their customers As both CSMs have more than
one settlement cycle per day, customers of VocaLink and Equens will be able
to make payments on a same day basis.

About VocaLink

VocaLink is a specialist provider of transaction services to banks, their
corporate customers and Government departments. It processes domestic and
international automated payments and provides ATM switching solutions. On a
peak day, the VocaLink automated payment platform processes over 90 million
transactions and over half a billion in a month. Its switching platform
connects the world's busiest ATM network of over 60,000 ATMs. Its Real-Time
Payments platform provides the central infrastructure for the UK Faster
Payments service. It is working with BGC to provide outsourced processing for
the majority of Sweden's domestic payments.

Having pioneered electronic payments for over four decades, many of the
world's top banks and their corporate customers rely on VocaLink to meet
their transaction needs. Its processing services offer banks reach throughout
the Single Euro Payments Area (SEPA) and beyond; and are complemented by
value-added services that leverage industry expertise and technical
capabilities.

Please visit http://www.vocalink.com for more information

About Equens

Equens SE is the first truly pan-European, full-service payment
processor. As one of the largest and most innovative payment processors in
Europe, Equens is leading the market for future-proof payments and card
processing solutions. Thanks to an extensive and competitive service
portfolio and a flexible, customer-orientated approach, the company
seamlessly meets the requirements of the European payments market. With an
annual volume of 7.3 billion payments and 2.1 billion POS and ATM
transactions, Equens has a market share of more than 15% within the euro
zone. By continuously pursuing further growth and translating the achieved
synergy benefits and economies of scale into advantages for the customer, the
company contributes to the efficiency of European payments.

Please visit http://www.equens.com for more information

(1) European Automated Clearing House Association

(2) Clearing & Settlement Mechanisms

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