Posts Tagged ‘Confirmation of payee’
Pay.UK expands CoP to boost ‘collective defences against fraud’
Since its launch in 2020, Confirmation of Payee has processed 2.5 billion checks.
Read MoreUK’s obconnect chosen to deliver New Zealand’s CoP service
New Zealand’s retail banks are to begin rolling out Confirmation of Payee by end of November this year.
Read MorePayments Canada: Rate of payment fraud higher among businesses than consumers
Around one in seven (15%) Canadian businesses lost money to payment fraud in the past six months.
Read MoreDesign of Australia’s Confirmation of Payee service reaches completion
Australian Payments Plus and the Australian Banking Association said FIs will be able to integrate the service into their banking channels from early 2025.
Read MorePayPoint takes majority ownership of Obconnect with new investment
PayPoint made a minority investment in the Open Banking technology company back in July 2022.
Read MoreInsight: Advancing global fraud prevention – Verification of Payee
In the global fight against fraud, the UK’s experience provides valuable lessons
Read MoreInsight: Safeguarding payments – lessons learned from Confirmation of Payee
How effective is Confirmation of Payee at tackling APP fraud and how does it work alongside other fraud prevention solutions?
Read MoreMoneyhub introduces new Open Banking-enabled verification service
Moneyhub’s Mark Munson called the launch a “timely reminder of the power of Open Banking to provide excellent solutions to modern-day problems”.
Read MoreInsight: Confirmation of Payee – a crucial tool in combating APP fraud in the UK
Bottomline’s Mark Bish and Erez Nounou assess the benefits and limitations of Confirmation of Payee.
Read MoreInsight: Navigating the global fraud landscape – imperatives for payment professionals
Bottomline’s Omri Kletter explains how organisations can adapt to meet the risks and threats in an evolving landscape.
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