Articles with tag: confirmation of payee

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UK-based Atom bank, SurePay partner for fraud prevention

21 Oct 2020 | Digital Identity, Security & Online Fraud

SurePay has announced the successful implementation of its UK Confirmation of Payee solution for app-based bank Atom bank

Atom bank, SurePay, fraud prevention, UK, Confirmation of Payee, Netherlands, payments, IBAN, Name Check, online payments, UK Finance, Open Banking Expo, banking fraud, internet fraud, impersonation scams, fraudster

Modulr becomes issuing member of Mastercard

09 Sep 2020 | Online Payments

UK-based fintech Modulr has joined Mastercard as a principal issuing member, granting it direct access to the global payments network.

Modulr, Mastercard, issuing partner, online payments, confirmation of payee, fraud prevention, Pay.UK, UK Faster Payments, Real-Time Gross Settlement, RTGS, payment settlement, United Kingdom, Europe

Bottomline rolls out Confirmation of Payee to stop payment fraud and error

04 Sep 2020 | Digital Identity, Security & Online Fraud

Bottomline, a provider of financial technology, has launched cloud-based Confirmation of Payee (CoP) service for UK based banks.

Bottomline, fraud prevention, APP fraud, B2B, invoices, cloud, Confirmation of Payee, CoP, banks, payments, UK

Modulr launches Confirmation of Payee to help fight fraud

02 Sep 2020 | Digital Identity, Security & Online Fraud

UK-based fintech Modulr has launched Confirmation of Payee, a fraud prevention initiative spearheaded by Pay.UK.

Modulr, fintech, fraud prevention, Confirmation of Payee, APP fraud, authorised push payment fraud, RBS Alternative Remedies, United Kingdom, UK,

PSR's Confirmation of Payee goes live

02 Jul 2020 | Online Payments

Six UK-based banking groups, covering around 90% of bank transfers, have fully implemented the Payments Systems Regulator’ Confirmation of Payee with effect from 30 June 2020.

UK, United Kingdom, PSR, Payments Systems Regulator, Confirmation of Payee, CoP, bank transfers, banking groups, Lloyds, Bank of Scotland, Halifax, Royal Bank of Scotland, NatWest, Ulster Bank, HSBC, First Direct, Barclays, Santander, Nationwide, payments, TSB, Authorised Push Payment, APP scams

UK-based banks to launch Confirmation of Payee to avoid fraud

10 Jun 2020 | Digital Identity, Security & Online Fraud

UK-based banks have announced the launch of a new Confirmation of Payee system that checks the name of the person you’re transferring money to with the name on the account.

UK, Confirmation of Payee, banking, fraud, bank-to-bank transfers, money transfer

UK Payment Systems Regulator releases policy statement on Confirmation of Payee Requirements

04 Mar 2020 | Payments General

The UK Payment Systems Regulator (PSR) has published a policy statement which requires payment service providers to implement the Confirmation of Payee system by March 31, 2020.

UK Payment Systems Regulator, PSR, payments, banking, fintech, UK, payment service providers, confirmation of payee, PSP

Large UK banks to implement Confirmation of Payee by March 2020

02 Aug 2019 | Digital Identity, Security & Online Fraud

The UK Payment Systems Regulator (PSR) has demanded the six largest banking groups to implement Confirmation of Payee (CoP) by 31 March 2020.

Lloyds, RBS NatWest, Barclays, HSBC, Nationwide, Santander, APP, Payment Systems Regulator, bank transfers, UK, Confirmation of Payee

Exela to address real-time payments risk with its new Confirmation of Payee

11 Mar 2019 | Digital Identity, Security & Online Fraud

Exela Technologies has launched its Confirmation of Payee (“CoP”) solution to help detect fraud, verify and secure payment processing and the confidentiality of payment details.

Exela, real-time payments, Confirmation of Payee, fraud prevention