eWise and VocaLink Announce Partnership to Introduce new Online Payments Solution to the UK

LONDON, August 3, 2010 /PRNewswire/ -- VocaLink, the international payments specialists, today announced a partnership with eWise, the online financial management solutions provider, to introduce a new, safer and more secure online payments solution to the UK.

The eWise Online Banking ePayments (OBeP) network, unlike other alternative payment options, keeps financial institutions in the primary position of the payment chain, allowing them to protect and regain revenue being lost to alternative payment providers while leveraging existing online banking infrastructure. By utilising VocaLink's Immediate Payments platform in partnership with the eWise OBeP network, financial institutions will also benefit from a service that provides real-time consumer authentication, validation of sufficient funds and a guaranteed payment to the merchant.

Nick Masterson-Jones, Managing Director of Transaction Services at VocaLink said: "We are delighted to partner with eWise, to deliver innovation in the online payments market. We have selected eWise because, through their knowledge and expertise in this field, they are clearly well placed to establish and operate an OBeP network in the UK. "

Richard Brierley-Jones, Managing Director of eWise's Payments Division commented: "We are pleased that VocaLink recognizes the value we can bring not only to its financial institution customers but to the end consumer as well. We plan to deliver new alternative online payments solution that will address the increased demand by consumers for a simple and secure payment option."

eWise

eWise is a payments and online financial management solutions provider with a reputation for providing innovative solutions that make transacting online easier and more secure. eWise offices in the UK, the US, China and Australia support some of the world's top 50 financial institutions with solutions delivering outstanding, proven ROI for its customers and a better online experience for millions of end-users worldwide. For more information, visit http://www.ewise.com.

VocaLink

VocaLink is a specialist payments partner to banks, their corporate customers and government departments. We design and deliver smarter domestic and international automated payments systems, and smarter ATM switching solutions.

In fact, our switching platform connects over 60,000 ATMs, the world's busiest network, while our payments platform processes over 500 million payments per month.

Having pioneered electronic payments for over 40 years it's perhaps no surprise that many major organisations have come to rely on our services.

For example, our Real-time Payments Platform is the central infrastructure for the UK's Faster Payments Service, whilst we are working with BGC, Sweden's leading payments provider, to provide outsourced processing for the majority of Sweden's domestic payments.

We are very proud of our service delivery record. Our platforms operate on never-fail technology to ensure total reliability and availability 24 hours a day allowing us to meet our customer needs.

In short, our smarter payments capabilities offer banks, corporates and government departments reach throughout SEPA and beyond.

    Safer payments, smarter partner.

    For further information, please contact:

    Mark Matthews, eWise STAFF CONTACT
    +44(0)118-9000-992 or [email protected]

    Zoe Gray, Hotwire
    +44(0)20-7608-4641 or [email protected]

    Deborah Souter, VocaLink Limited
    +44(0)870-920-8651 or [email protected]

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SOURCE VocaLink