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.

Payee 111

Payee FinTech Technology 111

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 (..)

Payee 52

Payee Verification Instant Payments Legal 52

Finextra

APRIL 26, 2024

Moderating her last panel of the day, Finextra’s head of content Madhvi Mavadiya discussed Confirmation of Payee (COP) with Christina Fransson, senior payment product specialist of FIS in EMEA, Greg Huguet, European regional director at iPiD, Paulina Kudlacik, Confirmation of Payee scheme manager at the Nordic Payments Council, and Richard Ross, global (..)

Payee 98

Payee SWIFT Global Payments Product 98

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 93

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.

Payee 52

Payee Verification Posting 52

Finextra

MARCH 19, 2024

Fiancial messaging co-operative swift has been enlisted by Aastralian Payments Plus (AP+) to build a confirmation of payee service to reduce the risk of misdirected payments and increase defences against payment fraud.

Payee 111

Payee SWIFT Risk Payments 111

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 (..)

Payee 52

Payee Verification Instant Payments Legal 52

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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Payee Verification Payment APIs and Integration IBAN 52

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 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

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 (..)

Payee 88

Payee Verification Consulting Rules 88

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

Payee 59

Payee Verification Scams SWIFT 59

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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Payee Faster Payments Transactions Checks 57

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.

Payee 57

Payee SWIFT Scams Payment APIs and Integration 57

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.

Payee 52

Payee Verification Instant Payments Regulatory Compliance 52

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 62

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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Payee Verification 78

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.

Payee 52

Payee Verification Mitigation Checks 52

Finextra

AUGUST 27, 2024

In a move to help reduce scam losses and make Australia a harder place for scammers to operate, Westpac is extending its payee verification solution to institutional and government clients.

Payee 52

Payee Verification Governance Government 52

Finextra

OCTOBER 10, 2024

PayPoint has today announced that obconnect, the leading Open Banking technology provider, has secured the contract to deliver the Confirmation of Payee ecosystem in New Zealand, partnering with the New Zealand Banking Association (NZBA).

Payee 52

Payee Security Technology 52

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.

Payee 59

Payee Multi-Currency Verification Accounts 59

Finextra

SEPTEMBER 18, 2024

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

Payee 52

Payee Embedded Finance Finance 52

The Nilson Report

SEPTEMBER 18, 2024

The post Australian Payments Plus and the Australian Banking Association Launch Confirmation of Payee appeared first on Nilson Report.

Payee 52

Payee Payments Posting 52

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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Payee Checks Payments 64

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.

Payee 69

Payee Technology 69

Finextra

JULY 16, 2024

Albert Sitelis, Head of Partnerships & Market Development at Banfico, discusses the hurdles of meeting the IP regulation compliance deadline for payee verification at EBAday 2024. With over 5000 PSPs in Europe, connectivity remains a major challenge, despite existing name check systems in several countries.

Payee 52

Payee Verification Compliance Checks 52

Fintech Finance

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.

Payee 52

Payee Fraud Detection Fraud Prevention Multi-Currency 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.

Payee 59

Payee 59

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

The Paypers

OCTOBER 11, 2024

obconnect, an Open Banking provider has obtained the contract to implement the Confirmation of Payee ecosystem in New Zealand.

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Payee 36

The Nilson Report

APRIL 22, 2024

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

Payee 52

Payee Verification Posting Payments 52

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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Payee Consulting Verification Payments 59

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.

Payee 59

Payee Issuers Compliance Process 59

The Nilson Report

MAY 2, 2024

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

Payee 52

Payee Checks Posting 52

The Paypers

MARCH 19, 2024

Europe-based Open Banking service provider LUXHUB has announced the launch of its Payee Verification Platform, aiming to simplify the implementation of the VoP mandate.

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Payee Verification Service Provider 41

Finextra

MAY 8, 2024

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

Payee 52

Payee Technology 52

Fintech Finance

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.

Payee 52

Payee Accreditation Compliance Issuers 52