International payment systems provider, Vocalink, is claiming it has secured "the UK's largest ever ATM processing deal" after agreeing a five-year contract to provide exclusive processing for the LINK ATM network.

Working with the LINK scheme and its 38 members, Vocalink is set to provide ATM switching and settlement services and will support the processing of over 70,000 ATMs connected to LINK in the UK and across Europe.

Some 97% of all LINK transactions are free of charge, and over the past 12 months the number of transactions through the network rose to more than 3.2 billion.

Ian Gausden, managing director at Vocalink, commented: "Winning the UK's largest ever ATM processing deal demonstrates Vocalink's breadth of retail payments knowledge and capability.

"The deal further supports our aim to power the world's economies through creating more efficient and effective payments systems and empowering people to transact quickly, easily and securely."

Vocalink recently announced its expansion in the US with The Clearing House, where it will be providing the payments infrastructure for the US faster payments network.

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Vocalink