Payment systems provider VocaLink has signed a five-year agreement to provide exclusive processing for the LINK ATM network.
The deal, considered to be the UK’s largest ever ATM processing deal, is expected to deliver over 16 billion transactions.
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Under the deal, VocaLink will provide ATM switching and settlement services. It will also support the processing of more than 70,000 ATMs connected to LINK in the UK and across Europe.
VocaLink managing director Ian Gausden said: "Winning the UK’s largest ever ATM processing deal demonstrates VocaLink’s breadth of retail payments knowledge and capability.
"The deal further supports our aim to power the world’s economies through creating more efficient and effective payments systems and empowering people to transact quickly, easily and securely."
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