VocaLink Selects Iona Data Services to Support Euro Payment Services
VocaLink has selected Iona’s Artix Data Services as a component of its euro payment service for its pan-European and global customers. VocaLink provides its customers with the facility to translate legacy format payments into a single euro payments area (SEPA) compliant format, using the solution, minimising the impact of SEPA compliance for customers. The company hopes that the solution will help it to offer banks a set of cost-effective payments modernisation solutions to support legacy payments standards and the new SEPA standards. During the SEPA migration phase, the banking industry has to support existing legacy domestic payment message types, new SEPA message types and SWIFT message types for international transactions. Artix is IONA’s advanced SOA infrastructure suite that offers an alternative to the proprietary and centralised based approach of other integration vendors.