Vocalink has extended its infrastructure partnership with LINK, a shared interbank network of cash machines in the UK.
Under the extended agreement, Vocalink will continue to provide LINK ATM switching and settlement services until 2031.
Go deeper with GlobalData
The scope of contract includes providing technology services to 60,000 ATMs connected to the LINK network.
Overall, the LINK network supported around 2.9 billion customer transactions last year.
Mastercard subsidiary Vocalink has been operating as an infrastructure partner to LINK since 1986.
Vocalink CEO Gregor Dobbie said: “Since 1986 we have worked together to ensure the UK’s LINK network has remained innovative, resilient and reliable for its customers.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData“Although we have seen a rise in contactless payments, access to cash is still a priority to many communities in our society who value its convenience and immediacy.
“While Vocalink will continue to create innovate payment solutions, we’re also wholly committed to financial inclusion and ensuring everyone has choice over how they pay, and no one is left behind by new technologies.”
Globally, Vocalink operates as part of Mastercard’s New Payment Platforms (NPP) business unit.
Besides LINK, Vocalink provides infrastructure support to Faster Payments, Bacs and Cheque & Credit Clearing Company in the UK.
Last year, it said to have processed more than 90% of salaries and 70% of household bills in the UK.
