VocaLink announced today that it has been selected as the recipient of the 2016 George Mitchell Payments System Excellence Award. The award is given annually by NACHA—The Electronic Payments Association®.

The award is named after former vice-chair of the Board of Governors of the Federal Reserve, George Mitchell, an early proponent of electronic payments. It honors an individual or organization that has shown superior leadership in the development, implementation or advancement of domestic or international electronic payments. 

Cara O’Nions, Marketing and Customer Insight Director, at VocaLink commented: “We are thrilled to have won such a prestigious award. The global payments market is evolving fast and it’s great to be recognised for the key part we have played in its innovation and development.

We are committed to becoming the leading real-time payment infrastructure provider globally and our work in Singapore, Thailand and the US takes us closer to this goal. As the US is the world’s largest payment area, the deal with The Clearing House is a particularly important milestone in reaching this vision. Over the coming year we will continue to focus on innovating our core business, expanding our existing platforms, developing new products based on customer needs and expanding our offering to international markets.”

VocaLink received the award for leadership in growing and advancing global payments, according to NACHA. Through innovation, expansion, and development of products supporting faster payments and mobile payments, VocaLink has helped to increase payments access, efficiency and security across the globe.

“NACHA is proud to recognize VocaLink as the recipient of the George Mitchell Payments System Excellence Award,” said Janet O. Estep, president and CEO of NACHA. “VocaLink has found innovative ways to meet the needs of a changing payments industry while demonstrating just how important and integral electronic payments are to everyday life.”

The award is part of NACHA’s Payments System Awards, which recognize the highest degree of achievement in the development, implementation and advancement of electronic payments. These prestigious awards celebrate excellence, outstanding accomplishments and superior leadership in innovation to further the ACH Network.

VocaLink and other recipients of the 2016 Payments System Awards were recognized during the Payments System Awards Luncheon, sponsored by TD Bank, N.A., at PAYMENTS 2016, which is being held now through April 20 at the Phoenix Convention Center in Phoenix, Arizona.

PAYMENTS 2016 is the premier educational event for the payments industry. Financial institutions of all types and sizes, solution providers who are changing the market, corporate decision makers and government end-user customer organizations gather annually at the conference to network, learn how to improve their bottom line and increase their competitiveness to move the payments industry forward.

To learn more, visit payments.nacha.org.