Banks Roll Out Confirmation of Payee Across Australia to Crack Down on Scams
The Fintech Times
JULY 2, 2025
Banks across Australia are officially rolling out Confirmation of Payee, the name-matching service designed to protect customers from being tricked into sending money to criminals. After investing around $100million in the technology, banks in Australia hope Confirmation of Payee will help keep local consumers’ money safe.
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