Interoperability, Payee and Verification

CBI and SEPAmail.eu Signed an Agreement to Set Up an Interoperable IBAN-Name Check – Verification of Payee (VoP) Solution

Fintech Finance

OCTOBER 9, 2024

and CBI joins their IBAN-Name Check expertise at the service of their respective communities in order to offer an interoperable solution to fight against fraud. This verification process is crucial in mitigating fraud, preventing payment errors, and ensuring that funds are accurately directed to their intended recipients. SEPAmail.eu

IBAN

IBAN Interoperability Payee Verification

CBI and Banfico Partner to Expand Global Reach of Verification of Payee Service

Fintech Finance

SEPTEMBER 24, 2024

The collaboration aims to share best practices in the Open Finance and Verification of Payee landscape, with the final goal of enhancing payment service providers’ value-added offerings and overall financial market efficiency.

Payee

Payee Verification IBAN Regulatory Compliance

Instant Payments and Fostering Interoperability

Finextra

JULY 4, 2024

Exploring the impact of the regulation on the industry and Swift's role, the discussion covers how interoperability can be facilitated between domestic Verification of Payee providers, enhancing their reach across Europe and beyond, while simplifying compliance with the regulation for financial institutions.

Interoperability

Interoperability Instant Payments Cross-Border Payments Cross-Border

Webinars

From Start to Scale: Driving Growth Through Seamless Payments Implementation

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Swift Research Finds European SMEs Expect to Be More Competitive and Save Money as a Result of Instant Payments Regulation

Fintech Finance

JUNE 18, 2024

The regulation mandates Verification of Payee (VoP) for cross-border payments within the Single European Payment Area (SEPA) by October 2025. Many countries use VoP at a domestic level, but interoperability between these schemes is critical to its success on an international scale. One in five expect to be more competitive.

Instant Payments

Instant Payments SWIFT Cross-Border Payments Cross-Border

SurePay Partners with Swift to Bring Confirmation of Payee Solution to Banks Across the Globe

The Fintech Times

MARCH 31, 2024

SurePay , the IBAN-name check provider, confirmation of payee (CoP) and verification of payee (VoP) to over 100 banks, has expanded its services following a strategic agreement with Swift , the messaging network, and the integration of Swift’s payment pre-validation service.

Payee

Payee SWIFT Cross-Border Cross-Border Payments

iPiD Publishes Essential Guide for Payment Service Providers: “Verification of Payee: The Race to Compliance”

Fintech Finance

APRIL 4, 2024

iPiD , a leading payment validation solutions provider, today announced the publication of a pivotal whitepaper, “Verification of Payee: The Race to Compliance,” authored by CEO Damien Dugauquier. The paper is now available on the iPiD website at www.ipid.tech/verification-of-payee-the-race-to-compliance.

Payee

Payee Service Provider Verification Compliance

CBI and SEPAmail.eu to set up an interroperable verification of payee service in Italy and France

Finextra

OCTOBER 9, 2024

and CBI joins their IBAN-Name Check expertise at the service of their respective communities in order to offer an interoperable solution to fight against fraud. SEPAmail.eu

IBAN

IBAN Payee Interoperability Verification

IP Regulation, VoP and Interoperability: Preparing for the October 2025 Deadline

Finextra

JUNE 12, 2024

FinextraTV and Banfico’s CEO Kannan Rasappan explore all the current moving pieces of the puzzle for payments service providers in the EEA region, dive deep into the biggest challenges ahead of compliance with the incoming instant payments regulation in October 2025 and how Verification of Payee will impact this.

Regulations

Regulations Interoperability Cross-Border Payments Cross-Border

The Evolution of Open Finance Through the Lens of CBI

The Fintech Times

DECEMBER 18, 2024

Check IBAN allows online verification of the association between IBAN code and Fiscal Code/VAT, provided by a natural or legal entity, both in the Italian and European market. This service facilitates Public Administration and corporates in fulfilling their fraud prevention activities vis--vis their customers (e.g.

Finance

Finance IBAN Fraud Prevention Interoperability

Swift: 44% of European SMEs Believe Instant Payments Regulation Will Save Them Money

The Fintech Times

JUNE 19, 2024

The EU’s Instant Payments Regulation mandates the Verification of Payee (VoP) for cross-border payments within the Single European Payment Area (SEPA) by October 2025. One in five expect to be more competitive.

Instant Payments

Instant Payments SWIFT Cross-Border Payments Regulations

Only 1 in 3 European banks prepared for instant payments regulation

Neopay

NOVEMBER 26, 2024

Key concerns include sanction screening, anti-money laundering (AML) requirements, fraud detection, and the Verification of Payee protocols. The ISO 20022 Transition A significant aspect of compliance is the adoption of the ISO 20022 standard, which enhances data richness and interoperability in financial messaging.

ISO 20022

ISO 20022 Instant Payments Regulations ISOs

NEW REPORT: Is ISO20022 FI’s Digital Payments Tower Of Babel?

PYMNTS

MAY 30, 2018

Inside the new Smarter Payments Tracker , PYMNTS explores the latest interoperability developments that are helping banks and FinTechs open up new lines of communication and speak a common language. Recognizing the need to rise to customer expectations, many FIs around the globe are turning to APIs to promote greater interoperability.

Payment APIs and Integration

Payment APIs and Integration ISO 20022 Interoperability NACHA

SpyCloud On Making Payments Smarter And Safer

PYMNTS

JUNE 25, 2018

After all, companies often verify their users through data like home addresses, IP addresses or answers to security verification questions. That means anyone can use account takeovers to commit fraud. Recent breaches at big name companies have only made the problem worse, he added.

Account Takeovers

Account Takeovers Breach Compromise Payments

50 Fintech Buzzwords Explained

M2P Fintech

MARCH 28, 2024

It leverages Aadhaar, a unique identification number, as the sole credential for user authentication and verification. It aims to streamline verification, enhance accuracy, and promote financial inclusion. Unlike widely accepted open-loop systems like Visa, they offer limited interoperability.

FinTech

FinTech Online and Mobile Banking Push-to-Card Payer

Payments Space

CBI and SEPAmail.eu Signed an Agreement to Set Up an Interoperable IBAN-Name Check – Verification of Payee (VoP) Solution

CBI and Banfico Partner to Expand Global Reach of Verification of Payee Service

Instant Payments and Fostering Interoperability

Webinars

Swift Research Finds European SMEs Expect to Be More Competitive and Save Money as a Result of Instant Payments Regulation

SurePay Partners with Swift to Bring Confirmation of Payee Solution to Banks Across the Globe

iPiD Publishes Essential Guide for Payment Service Providers: “Verification of Payee: The Race to Compliance”

CBI and SEPAmail.eu to set up an interroperable verification of payee service in Italy and France

IP Regulation, VoP and Interoperability: Preparing for the October 2025 Deadline

The Evolution of Open Finance Through the Lens of CBI

Swift: 44% of European SMEs Believe Instant Payments Regulation Will Save Them Money

Only 1 in 3 European banks prepared for instant payments regulation

NEW REPORT: Is ISO20022 FI’s Digital Payments Tower Of Babel?

SpyCloud On Making Payments Smarter And Safer

50 Fintech Buzzwords Explained

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