Payment services provider Voca appointed Erik Mnsson as Director of European Business Development this week. Mnsson will lead Voca’s engagement with the European banking community as Voca rolls out its new payments infrastructure, the company said in a news release.
Voca is in the final stages of implementing its new payments infrastructure. Once this program completes later this year, Voca will be able to process multiple currencies and payment schemes, including SEPA payments, from the same platform, the company said. This will position Voca as a leading provider of payments services for both individual banks and for central clearing and settlement operations.
Mnsson’s will work with banks across Europe to find opportunities for collaboration on the SEPA implementation.
Mnsson is a leading expert on European cross-border payments and electronic funds transfers in the single market. He joins Voca from the European Central Bank, where he was the Senior Market Infrastructure Expert. His role at the ECB included facilitating the development and implementation of the SEPA strategy. He was responsible for coordination of the ECB’s contacts with commercial banks through the European Payments Council (EPC), and those with corporates through the European Association of Corporate Treasurers (EACT).
Mnsson will report to Martin Wilson, Business Development Director.
“The introduction of SEPA is a significant opportunity for banks and payment processors,” Wilson said. “Voca has developed an IP-based payments infrastructure to meet the demands of SEPA and is poised to support banks and corporates in the transition with efficient, cost effective solutions. Forming collaborative relationships within the industry is crucial to unlocking SEPA’s potential, and Erik’s unique depth of understanding across the European payments industry significantly boosts Voca’s capabilities in this area.”