Europe's largest Direct Debit processor, Voca, has selected Australian payments technology company Distra to support its payments services.
Voca processes the UK's automated payments service, handling more than 90% of UK salaries, 70% of household bills and most state benefits and pension payments. More than 100,000 businesses connect to the Voca network and last year transferred to the new IP-based payments system, Bacstel-IP.
Voca is expected to use Distra's next generation payments technology to support its work on the central infrastructure for the new Faster Payments service, which is set to be launched in the UK next year.
Nick Masterson-Jones, IT director at Voca, said, "We selected Distra's technology as a key component of our solutions because its uniquely innovative architecture provides a combination of real-time performance, reliability and agility.
"Banks are under significant pressure to introduce new services to customers within an ever-changing payments landscape. Distra's technology helps us fulfil their immediate requirements, as well as provide the flexibility to prepare for the future."
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