Perspectives on SEPA

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Perspectives on SEPA
Paul Taylor Head of European Business
Development Wednesday, 10th January 2007
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Why Voca?

• Provider of payments services
• Electronic Funds Transfer
• Direct Debits
• Direct Credits
• Standing Orders
• Payments innovations
• Part of the UK critical national infrastructure
• Over 70 of the UK population use our services to
  pay their household bills Direct Debit
• Direct Credit used to pay over90 of UK salaries
  
• Over 80 million items on a peak day
• Over 5.5 billion transactions in 2006
• 100,000 corporate users connect directly to Voca

• New payments engine is live
• 12,000 transactions per second
• Europes daily volume of EFTs (165m) in 4 hours
• Multi-scheme, multi-format, multi-currency
• Delivered SEPA-compliant processing in 6 weeks
• Now working on next phase

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SEPA landscape
Payment processor with more than 5bn items
Medium-Sized Payment processor
Small payment processor
No national payment processor
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SEPA challenges

• Market challenges
• Achieve compliance
• Keep costs low
• Identify new revenue opportunities
• Meet rising customer expectations
• Be bold, in spite of uncertain outcome
• A variety of perspectives
• Good for EU global competitiveness
• Only a compliance issue
• Another cost burden
• Significant opportunity

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SEPA segmentation
Realisation through innovation -
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Voca a new model for banks
Existing PEACH (e.g. STEP2)
Bank X
Local ACH
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Thank you for your attentionPaul
TaylorTelephone 44 870 920 8560Email
paul.taylor_at_voca.com