Voca and LINK have completed their merger and announced the launch of "Europe’s first independent pan-European payment service in partnership with 10 banks from across Europe."

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UK payment services companies Voca and LINK Interchange Network have announced their intention to merge to create VocaLINK with the combined company expected to handle over 8 billion payment transactions this year.

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Andrew Davidson of the London Sunday Times interviews Marion King, CEO of Voca. "King, chief executive of Voca, the automated payments system previously called BACS, is nothing if not a compelling saleswoman."

Voca, the ACH processor for the UK formerly known as BACS, has announced the formation with Retail Decisions and Mi-Pay of a new joint venture company, Digital Payments.

Digital Payments will be a first - enabling retailers to manage consumer payments on digital sales channels including digital television, the internet and mobile phones. Consumers will be able to pay by Direct Debit across these channels for the first time in the same way as they use a credit card. By using Direct Debit consumers can organise direct withdrawals from their bank securely and with ease.

Ian Price has been appointed Managing Director of Digital Payments. Ian, 40, comes from BT Group where he was founding CEO of BT click&buy.