The six banking groups participating are: Lloyds incorporating Bank of Scotland and Halifax brands; Royal Bank of Scotland, NatWest and Ulster Bank; HSBC and First Direct; Barclays, Santander and Nationwide. TSB will join its six peers in the fourth quarter of 2020. Confirmation of Payee is an important tool that will further protect banking customers from Authorised Push Payment (APP) scams. It will help consumers avoid sending payments to the wrong account or organisation.
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