Fintech Finance

JULY 3, 2024

PayPoint today announces a call to arms for Group 2 Payment Service Providers (“PSP”) yet to implement the Confirmation of Payee (CoP) service ahead of the mandated deadline of 31 October 2024, to take action now. The post PayPoint Issues Call to Arms Over Confirmation of Payee Aggregator Deadline appeared first on Fintech Finance.

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Payee Payment Service Provider (PSP) Payment APIs and Integration Service Provider 98

Finextra

OCTOBER 15, 2024

Banks in New Zealand have begun the phased roll out of Confirmation of Payee, using technology supplied by UK fintech obconnect.

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Payments Source

JULY 1, 2020

s six major banking groups are now required to have implemented the new Confirmation of Payee (CoP) scheme for Faster Payments and Chaps as part of a regulatory push to tackle the rampant rise in Authorized Push Payment (APP) fraud.

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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.

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Payee Verification IBAN Regulatory Compliance 98

Finextra

APRIL 9, 2024

EBA Clearing will roll out a pan-European Verification of Payee feature by the end of the year.

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The Payments Association

MARCH 19, 2024

The UK's banking sector is on the cusp of a major shift with the imminent expansion of the Confirmation of Payee (CoP) system, a move aimed squarely at further curtailing Authorised Push Payment (APP) fraud. Read more

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Payee Payments Financial Crimes Crime 88

The Payments Association

APRIL 26, 2024

The timeline for tranche two of the institutions mandated by the PSR to join the CoP service in the UK is imminent (SD 17 requires that named organisations have implemented solutions by 31st October 2024), with the EU releasing their draft Verification of Payee (VoP) rule book for consultation (which closes 19th May 2024), and is expected to enter (..)

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Payee Verification Consulting Rules 88

Finextra

MAY 8, 2024

Belgium's Centre for Excchange and Clearing has selected SurePay to provide Confirmation of Payee technology to the domestic banking industry.

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The Nilson Report

MAY 8, 2024

The post SurePay joins Temenos Exchange for Verification of Payee and Confirmation of Payee appeared first on Nilson Report.

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The Fintech Times

MAY 13, 2024

CEC (Centre For Exchange And Clearing), the central point for channelling retail payment transactions between banks in Belgium, has plumped for SurePay to deliver verification of payee (VoP) services. ” The post SurePay to Lead Verification of Payee Integration in Belgian Banks appeared first on The Fintech Times.

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Payee Verification Instant Payments Consulting 64

Fintech Finance

OCTOBER 9, 2024

Signed an Agreement to Set Up an Interoperable IBAN-Name Check – Verification of Payee (VoP) Solution appeared first on FF News | Fintech Finance. The post CBI and SEPAmail.eu

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IBAN Interoperability Payee Verification 105

Finextra

APRIL 29, 2024

Finastra, a global provider of financial software applications and marketplaces, today announced the go-live of its Bacsactive-IP Confirmation of Payee (CoP) service with ScotPayments, a centralized payments platform that supports the digital transformation of public services in Scotland.

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Fintech Finance

MAY 8, 2024

CEC has taken the responsibility to provide the Belgium VoP and has, on behalf of the Belgium Banks and in consultation with Febelfin, awarded SurePay to deliver Verification of Payee (VoP) services. What is Verification of Payee? SurePay, has been a pioneer in Verification of Payee since 2016, conducting over 1.5

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Payee Verification Scams SWIFT 59

Fintech Finance

APRIL 11, 2024

With impending regulatory changes from the UK Payment Systems Regulator (SD17) and EU legislation on Instant Payments, data and security (PSD3), it is imperative that financial institutions have Verification of Payee (EU) and Confirmation of Payee (UK) solutions in place.

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Fintech News

DECEMBER 4, 2024

EDP will cater to post-dated payments, deducting funds from the payer’s account upon presentment by the payee. Both solutions will be accessible through digital banking platforms and integrated with PayNow for seamless payee identification.

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Payment Solutions Payee Payer Payments 124

Finextra

MAY 29, 2024

Form3, the cloud-native account-to-account platform, today announces that Currencycloud, a Visa solution focusing on simplifying business in a multi-currency world, has selected them to provide account verification technology to support Confirmation of Payee (CoP) activity, designed to reduce fraud in the UK.

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Finextra

DECEMBER 16, 2024

Modulr, a leading digital payment services provider, is today announcing a significant new contract with His Majestys Revenue and Customs (HMRC) for the provision of Confirmation of Payee (CoP) services.

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Payee Security Digital Payments Service Provider 52

Finextra

JANUARY 30, 2024

AccessPay, the leading provider of bank integration, today announced the addition of Confirmation of Payee (CoP) and Sanctions Screening capabilities to its Fraud & Error Prevention Suite, launched in 2023.

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Fintech Finance

DECEMBER 16, 2024

Modulr , a leading digital payment services provider, is today announcing a significant new contract with His Majesty’s Revenue and Customs (HMRC) for the provision of Confirmation of Payee (CoP) services.

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Payee Payment APIs and Integration Security Agreements 59

The Fintech Times

AUGUST 8, 2024

Australian Payments Plus (AP+) and the Australian Banking Association (ABA) have completed the design of the new Confirmation of Payee (CoP) service which will enable people paying to an account with a name, BSB and Account number to confirm the account name of the payee before the payment is made.

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Payee SWIFT Scams Payment APIs and Integration 59

Fintech Finance

APRIL 9, 2024

EBA CLEARING has announced that it will provide its service users with Verification of Payee at a pan-European level as from December 2024. The roll-out of Verification of Payee is one element in the comprehensive preparation programme that the Company is engaging in with its user community to take instant payments to the next level.

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Payee Verification Instant Payments Regulatory Compliance 52

Fintech Finance

MARCH 19, 2024

Swift, which built and runs the NPP, was chosen by Australian Payments Plus (AP+) to build confirmation of payee, which is a security measure that helps protect consumers from fraud by confirming the identity of the payee before a payment is made.

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Payee SWIFT Payment APIs and Integration Cross-Border Payments 59

Finextra

MAY 7, 2024

Today the European Payments Council (EPC) launches a public consultation on the Verification Of Payee (VOP) scheme rulebook.

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Finextra

JUNE 18, 2024

Bank-to-bank payment messaging network Swift is working to facilitate interoperability of Verifcation of Payee schemes across Europe as new research shows that 83% of SMEs across France, Germany, Italy and Spain rank upfront beneficiary checks as important to them in trading across borders.

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The Nilson Report

APRIL 22, 2024

The post Pan-European Verification of Payee Ready by December appeared first on Nilson Report.

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Payee Verification Posting Payments 52

Finextra

OCTOBER 16, 2024

Following a public consultation on the proposed Verification Of Payee (VOP) scheme rulebook and the proposed European Payments Council’s (EPC) recommendations for the matching processes under the VOP scheme rulebook, the EPC is launching the first version of the VOP scheme rulebook developed to support payment service providers (PSPs) in the Single (..)

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Payee Verification Instant Payments Legal 52

The Nilson Report

MAY 2, 2024

The post Confirmation of Payee Reaches Two Billion Checks in UK appeared first on Nilson Report.

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Payee Checks Posting 52

Finextra

NOVEMBER 6, 2024

Finseta, a leading international payments and foreign exchange (FX) business, has announced the launch of their new Confirmation of Payee (CoP) service powered by tell.money. This enhanced service is designed to upgrade payment security, reduce the risk of fraud, and ensure the accuracy of transactions.

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Payee International Payments Payment Security Risk 52

Fintech News

JUNE 10, 2024

Regulatory requirements like the UK’s Confirmation of Payee (COP) and Single Euro Payments Area’s (SEPA) Verification of Payee (VOP) necessitate verification processes to ensure secure transactions. said Deya Innab, Eastnets’ Deputy CEO.

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The Paypers

OCTOBER 31, 2024

The European Payments Council (EPC) has released its Verification of Payee (VOP) Application Programming Interface (API) specifications.

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Payee Verification API Payments 54

Finextra

JULY 8, 2024

At EBAday 2024, Hays Littlejohn, CEO, EBA Clearing and Erwin Kulk, Head of Service Development and Management, EBA Clearing, explain how network-based fraud pattern and anomaly detection can boost the customer experience and safety provided by verification of payee checks.

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Finextra

MAY 7, 2024

CLOWD9, the world's pioneering cloud-native issuer processing platform, has announced the selection of tell.money as its strategic Software-as-a-Service (SaaS) partner to revolutionise Confirmation of Payee (CoP) and open banking compliance in the UK and European markets.

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Payee Issuers Compliance Process 59

Finextra

MAY 2, 2024

At NextGen Nordics 2024, FinextraTV and Kannan Rassapan, CEO of Banfico, dive into the evolving landscape of account verification services and Confirmation of Payee (CoP) implementation in the Nordics.

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The Fintech Times

NOVEMBER 2, 2024

Pay.UK , the independent, not-for-profit operator of the UK’s national retail payments system, is expanding ‘Confirmation of Payee’, significantly bolstering protection for UK consumers against Authorised Push Payment (APP) fraud and misdirected payments. billion checks as of September 2024 and conducting over 2.1 million checks daily.

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The Nilson Report

JUNE 3, 2024

The post Belgian Banks Choose SurePay as Verification of Payee Vendor appeared first on Nilson Report.

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Payee Verification Posting SWIFT 52

Finextra

OCTOBER 11, 2024

Following a public consultation on the proposed Verification Of Payee (VOP) scheme rulebook and the proposed European Payments Council’s (EPC) recommendations for the matching processes under the VOP scheme rulebook, the EPC is launching the first version of the VOP scheme rulebook developed to support payment service providers (PSPs) in the Single (..)

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Payee Verification Instant Payments Legal 52

Finextra

SEPTEMBER 18, 2024

Paynetics, a leading provider of embedded finance services, partners tell.money to implement the Confirmation of Payee (CoP) service.

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