French IT giant Capgemini has added VocaLink’s PayPort managed payment service into its Connected Banking solution to offer secure, real-time cloud-based payments.

With availability through Connected Banking, VocaLink’s PayPort will initially offer financial institutions with a single point of access to the Faster Payments Service, without the need for them to build or maintain their own costly infrastructure, the companies said in a joint press statement.

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PayPort is also expected to enable access to many other payment types, such as Bacs, Swift, SEPA instruments and CHAPS, the statement added.

Connected Banking – which is delivered as a hosted private cloud – features pre-integrated capabilities for core banking, fraud monitoring and prevention as well as integrated regulatory reporting.

Capgemini Financial senior vice president Kartik Ramakrishnan said: "By integrating VocaLink’s PayPort within Connected Banking from Capgemini, banks can compete with newer providers without maintaining costly payments infrastructure.

"They can provide fast, secure and immediate payments services that are completely scalable on Connected Banking powered by Temenos."

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VocaLink product director Jim Wadsworth said: "As a trusted payments partner in the UK for many years, VocaLink is pleased to be able to offer a solution that simplifies and broadens access to the Faster Payments Service in the UK, together with Capgemini.

"By making PayPort available through Connected Banking from Capgemini, more banks will have the peace of mind that their payments services will be available in real-time, while being maintained and updated to keep pace with changes in technology and the evolving payment environment."