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News

Bank of England, Vocalink

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 · 3d
Bank of England fines Vocalink £11.9m for compliance failure
The Bank of England announced on Wednesday that it has fined Mastercard-backed payment systems company Vocalink for £11.9m, marking the first time the central bank has fined a financial market infrastructure firm.

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Financial Reporter · 2d
Bank of England issues first-of-its-kind fine of £11.9m
 · 3d · on MSN
Bank of England fines Vocalink more than $16 million for compliance failure
American Banker
2d
Vocalink, Monzo face fines; Paxos issues a new stablecoin
U.K. regulators said Monzo didn't properly vet new customers, while Vocalink was dinged for risk management lapses. Also, ...
3d
Bank of England fines Vocalink over compliance failure
The Bank of England has hit UK payments operator Vocalink with an £11.9 million fine after it missed a deadline to fix ...
Telegraph & Argus3d
Bank of England fines Mastercard’s Vocalink £11.9m over compliance ...
Vocalink, which became part of US payments giant Mastercard in 2017, says it processes more than 90% of salaries, 70% of household bills, and 98% of state benefit payments in the UK.

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