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January 5, 2018

Barclays and Sky partner for real-time payments

By Briony Richter

Sky Betting and Gaming has partnered with Barclays to allow its customers to have money paid out to their debit cards instantly with Fast Withdrawal system.

Vocalink partnered with Sky Betting and Gaming to develop the Fast Withdrawal payments system. The Fast Withdrawals system is available for Barclays debit card customers only at this time. Sky Betting and Gaming is currently working with several other banks to offer this service.

Sky Betting’s head of payments, Andy Sacre, stated: “Slow withdrawal times is a key pain point for our customers and always ranks highly on industry research on what matters most to customers.”

Currently, only withdrawals that are under £200 are eligible for Fast Withdrawals.

Paul Stoddart, Vocalink chief, said: “Consumers have been making payments in real-time for years, so why shouldn’t they receive credits to their account in real-time too?”

“Our Real-Time Credit solution which powers Fast Withdrawals, ensures money is returned to consumers securely and instantly.”

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