Flagship product of UNTIL Malaysia – a blockchain-based traceability platform for sustainable and ethical fashion – KL Fashion week.

VocaLink, the international payments provider, is celebrating the five year anniversary of the Faster Payments Service in the UK, with 2.5 billion transactions securely processed since its launch in 2008.

In this video: Chris Dunne, Payments Services Director, VocaLink is interviewed by Finextra about Faster Payments at the 5 year anniversary of the service.

Against a tough economic backdrop, the service has flourished and real time processing is now the standard time for phone or internet initiated domestic UK payments.

The Faster Payments Service is the largest real time payment system in the world that operates 24 hours a day, 7 days a week, offering direct customer initiation and almost instantaneous transfer of value to the beneficiary.

VocaLink processes payments on behalf of the Faster Payments Scheme Limited. The service supports businesses and consumers alike with the ability to make immediate bank transfers.