Finextra

JUNE 12, 2025

Webinar The final countdown: What’s next for Verification of Payee? The Verification of Payee (VOP) deadline is just around the corner. Could VoP become the global standard for payee verification, similar to how GDPR reshaped data privacy? However, the need for Payee Verification, aka KYP (Know Your Payee), goes beyond Europe.

Payee 52

Payee On-Demand Verification Payment APIs and Integration 52

Fintech Finance

NOVEMBER 21, 2024

Marking International Fraud Awareness Week, the Payment Systems Regulator (PSR) has published research showing the emotional and financial toll of Authorised Push Payment (APP) fraud on UK consumers. You can find the PSR’s full research findings here.

Research 98

Research Risk Fraud Prevention Scams 98

Fintech Finance

JANUARY 2, 2025

This new report compares a variety of overseas experiences with faster payment fraud mitigation and can offer lessons for the U.S. Successful models from other countries demonstrate how intelligence sharing among financial institutions, regulators, and technology providers can significantly enhance fraud prevention.

Faster Payments 98

Faster Payments Mitigation FPC Payments 98

The Paypers

JUNE 12, 2025

Following this announcement, the collaboration is set to enable IFX Payments to leverage Form3’s Verification of Payee (VoP) solution for SEPA accounts, aiming to strengthen its defences against payment fraud and aligning with the Instant Payments Regulation mandate.

Payee 36

Payee Verification Financial Crimes Payment APIs and Integration 36

The Fintech Times

DECEMBER 18, 2024

This service facilitates Public Administration and corporates in fulfilling their fraud prevention activities vis--vis their customers (e.g. This service covering 98 per cent of the Italian market share, allows providers to operate more efficiently in fraud prevention.

Finance 115

Finance IBAN Fraud Prevention Interoperability 115

Fintech Finance

MAY 19, 2025

The integration also strengthens fraud prevention with Confirmation of Payee (CoP), ensuring safer payments by verifying recipient account details before funds are transferred. Through this collaboration, payabl. The collaboration strengthens payabl.’s

Payment APIs and Integration 59

Payment APIs and Integration Fraud Prevention Payee Payments 59

The Payments Association

DECEMBER 2, 2024

In 2024, payments regulation underwent seismic shifts, with reforms spanning fraud prevention, digital innovation, and consumer protection, collectively redefining the industry’s future. As part of this, PSPs are required to offer services that verify the payee’s identity before executing a credit transfer.

Regulations 88

Regulations Instant Payments Consumer Protection Payments 88

The Payments Association

JUNE 16, 2025

Prevention and policing, not just reimbursement, are essential for genuine progress." Rebecca Marriott Chief risk officer, Tide "APP fraud prevention requires shifting from remediation to prevention - detecting and stopping fraud early rather than remediating incidents after the fact.

Scams 88

Scams Assessments Consumer Protection Fraud Prevention 88

Finextra

MAY 29, 2025

At EBAday 2025, two expert panels explored the challenges of Verification of Payee and fraud prevention, as well as how growing volumes of instant and real-time payment systems impact PSPs and their customers.

Instant Payments 59

Instant Payments Fraud Prevention Payee Real Time Payments 59

Finextra

JUNE 9, 2025

This enables more control over data, making it easier to extract value that can be used to enhance areas like fraud prevention and reconciliation that support embedded finance. New fraud monitoring rules require a proactive approach Finally, as expected, real-time fraud prevention remains a key consideration.

ISO 20022 52

ISO 20022 ISOs FedNow TCH 52

Finextra

JULY 7, 2025

Traditional areas like fraud prevention (65%), credit underwriting (62%) and regulatory compliance (58%) are still heavily prioritized, reflecting that these were some of the first uses of AI in banking and continue to be critical for reducing losses. This case shows AI’s power to make credit more inclusive and convenient.

AI 72

AI Fraud Detection Online and Mobile Banking Payment APIs and Integration 72

The Fintech Times

APRIL 27, 2025

With adoption on the rise, 85 per cent of banks expect fraud to rise, and 36 per cent predict a sharp uptick. In response, 96 per cent of US banks back the implementation of a confirmation of payee scheme to protect against fraud. Surprisingly, earned wage access came in ninth place (29 per cent).

RTP 45

RTP FedNow Instant Payments Payee 45

Fintech Finance

MARCH 4, 2025

Both financial institutions and regulators have put fraud prevention and detection in the forefront for 2025. Fraud was ranked as one of the top three priorities for 2025 among payment organisations surveyed in Vixios 2025 Payments Compliance Outlook.

Fraud Prevention 52

Fraud Prevention Deepfake Scams Fraud Detection 52

Finextra

JUNE 6, 2025

Instant Payment Revolution : Domestic instant payments are available in 70 countries and being mandatory in EU, representing 27 countries, from October 2025 Instant international payments with real-time currency exchange capabilities are on its way and will include crypto currencies Enhanced digital verification and confirmation of payee services are (..)

Technology 52

Technology Instant Payments Authorization Scams 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. said Alain Raes, Co-founder and CCO of iPiD.

Fraud Prevention 119

Fraud Prevention Global Payments Payee Verification 119

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 98

Payee Verification IBAN Cross-Border 98

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.

Payee 117

Payee Faster Payments Authorization Payments 117

Fintech Finance

APRIL 29, 2025

By integrating iPiD Validate, Alfardan Exchange is pioneering a new era of secure, transparent, and fraud-resistant cross-border transfers—setting a new standard for Qatar’s exchange industry. We’re proud to support their journey with the most comprehensive verification network globally.”

Payee 78

Payee Verification Payment APIs and Integration Cross-Border 78

Fintech Finance

OCTOBER 9, 2024

This verification process is crucial in mitigating fraud, preventing payment errors, and ensuring that funds are accurately directed to their intended recipients. Signed an Agreement to Set Up an Interoperable IBAN-Name Check – Verification of Payee (VoP) Solution appeared first on FF News | Fintech Finance.

IBAN 105

IBAN Interoperability Payee Verification 105

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.

Fraud Detection 52

Fraud Detection Payee Fraud Prevention Multi-Currency 52

Fintech Finance

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 1 , launched in 2023.

Payee 52

Payee Money Laundering Non-Bank Checks 52

The Paypers

JANUARY 18, 2023

Financial technology provider Bottomline has launched a fraud prevention solution, Confirmation of Payee (CoP) for businesses to fight authorised push payment (APP) fraud.

Payee 36

Payee Fraud Prevention Technology Payments 36

The Paypers

SEPTEMBER 2, 2020

UK-based fintech Modulr has launched Confirmation of Payee, a fraud prevention initiative spearheaded by Pay.UK.

Payee 36

Payee Fraud Prevention FinTech 36

Fintech Finance

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.

Error Resolution 98

Error Resolution Payee Payment APIs and Integration Payments 98

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 40

Payee Service Provider Verification Compliance 40

The Payments Association

OCTOBER 22, 2024

, argue that the lower cap may reduce the financial industry’s incentive to prevent fraud. Furthermore, the reduced compensation could result in banks taking a more lax approach to fraud prevention and leaving victims in the lurch, assuming they will be covered. AI is a double-edged sword in fraud prevention.

Rules 88

Rules Fraud Prevention Caps Deepfake 88

Fintech Finance

SEPTEMBER 9, 2024

” Larger commercial businesses report a higher rate of payment fraud than small businesses. The majority of businesses practice fraud prevention measures, but there is room for improvement, including better password management.

Online and Mobile Banking 97

Online and Mobile Banking Credit Cards Scams Payer 97

Fintech Finance

OCTOBER 15, 2024

Supporting various UPI flows like UPI Credit, UPI PPI, UPI Collect, Intent (Push), Dynamic QR codes, UPI Auto Pay, and OTM (One-Time Mandate) on Payee PSP, it ensures businesses’ flexibility and efficiency in payment processing. UPI Switch is built in partnership with NSDL as the sponsor bank.

Acquirers 98

Acquirers Payment APIs and Integration Cross-Border Payments Payments 98

Open Banking Excellence

MARCH 5, 2024

The DPS offers three main use cases – cheaper payments (without the need for bank cards), account sharing information (for aspects such as affordability and fraud prevention) and payee confirmation (to check funds are going to the right account).

Innovation 147

Innovation Payment APIs and Integration Push-to-Card Use Case 147

The Paypers

MAY 10, 2024

Belgium has selected Netherlands-based SurePay for Verification of Payee (VoP) to enhance fraud prevention and EU compliance.

Fraud Prevention 45

Fraud Prevention Payee Verification Compliance 45

Fintech Finance

JUNE 5, 2024

Founded in 2021 by a team of former Swift executives, iPiD provides cutting-edge payee verification and identification solutions. iPiD’s technology capitalizes on this opportunity by delivering a seamless and secure payment environment that reduces fraud risks and payment failures that enhances the customer experience.

Payee 52

Payee Verification Cross-Border IBAN 52

FICO

SEPTEMBER 21, 2016

For instance, data released by Financial Fraud Action UK , shows that UK online banking fraud losses increased by 38% in 2014 from 2013, and by 64% in 2015 from 2014. The rapid growth of fraud losses calls for an effective e-payments fraud prevention solution and one that can adapt to varying fraud patterns.

Payer 64

Payer Payee Fraud Detection Payments 64

Fintech Finance

FEBRUARY 9, 2024

The announcement means buyers will be able to access Payit by NatWest open banking solutions as well as Confirmation of Payee (CoP) API to support fraud prevention.

Payment APIs and Integration 52

Payment APIs and Integration Fraud Prevention Payee Commercial Card 52

PYMNTS

OCTOBER 19, 2018

With an eye on fraud prevention, banks in the United Kingdom are slated to debut name checks to accompany bank transfers. As noted by Financial Times and other sources, the movement, which is one known as “confirmation of payee,” will take effect in 2019. The directive comes from Pay.UK , the U.K. payment authority.

Checks 53

Checks Fraud Prevention Authorization Payee 53

The Paypers

OCTOBER 20, 2020

SurePay has announced the successful implementation of its UK Confirmation of Payee solution for app-based bank Atom bank.

Fraud Prevention 28

Fraud Prevention Payee 28

The Fintech Times

MARCH 13, 2024

“When it comes to fraud, liability is shifting from consumers onto banks who are increasingly being expected to refund their customers when fraud takes place. The legislation proposed today is positive, and can be part of a bigger picture approach on prevention and detection.

Transactions 64

Transactions Consumer Fraud Prevention Laws 64

The Fintech Times

FEBRUARY 9, 2024

It means buyers can access Payit by NatWest open banking solutions as well as Confirmation of Payee (CoP) API to support fraud prevention. Suppliers can join the DPS at any time over its eight-year lifespan.

Payment APIs and Integration 59

Payment APIs and Integration Fraud Prevention Payee Commercial Card 59