About Pay by Bank app and VocaLink
Pay by Bank app is the UK’s leading mobile payment solution. It is powered by VocaLink and supported by many of the UK’s banks and acquirers. Pay by Bank app’s technology lets consumers make real-time payments on their phones and tablets, whenever they see the Pay by Bank App paymark.
VocaLink provides and operates the Faster Payments Service on behalf of the Faster Payments Scheme, the Account Switching platform, Bacs and the Direct Debit Scheme. VocaLink also connects the world’s busiest network of over 70,000 ATMs through the LINK scheme. In the UK, VocaLink process over 90% of salaries, more than 70% of household bills and almost all state benefits. In 2015, VocaLink processed over 11 billion transactions with a value of £6 trillion.
For more information on VocaLink, visit www.vocalink.com.