Remove IBAN Remove Instant Payments Remove Verification
article thumbnail

LSEG Risk Intelligence Deploys Account Verification to Tackle Payment Fraud

Fintech News

LSEG Risk Intelligence has launched its Global Account Verification (GAV) service in Asia-Pacific and Europe, the Middle East, and Africa, expanding efforts to enhance security in cross-border payments. This helps businesses confirm supplier and customer payments and detect potential fraud risks.

article thumbnail

IFX Payments Selects Form3 for Verification of Payee Solution Ahead of Instant Payments Regulation Mandate

Fintech Finance

IFX Payments , a service-led alternative banking partner, today announces it will be using Form3 ‘s Verification of Payee (VoP) solution for SEPA account, strengthening its defences against payment fraud and aligning with the Instant Payments Regulation mandate.

Payee 59
article thumbnail

EPC Selects Swift for the EPC Directory Service

Fintech Finance

The EDS will be accessible to scheme participants adhering to the VOP scheme and to the Routing and Verification Mechanisms (RVMs) operating on their behalf. The EDS wont store any personal data or IBAN, as it will only be used for routing purposes between business entities (PSPs and RVMs).

SWIFT 98
article thumbnail

EBA CLEARING Launches SEPA-Wide VOP Solution

Fintech Finance

The new solution supports payment service providers (PSPs) in offering Verification of Payee services to their customers that fulfill the requirements of the Instant Payments Regulation (IPR) and of the VOP Scheme developed by the European Payments Council (EPC).

Payee 98
article thumbnail

The Evolution of Open Finance Through the Lens of CBI

The Fintech Times

Tackling fraud CBIs response to increasing fraud and misdirection of payments is evident in a range of services, such as: Check IBAN, Name Check, CBI GO and CBI Safe Trade. This service facilitates Public Administration and corporates in fulfilling their fraud prevention activities vis--vis their customers (e.g.

Finance 115
article thumbnail

IFX Payments selects Form3 for its Verification of Payee solution

The Paypers

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
article thumbnail

PingPong Turns Regulatory Compliance Into Competitive Edge With Form3 Partnership

Fintech Finance

PingPong , the world-leading provider of embedded cross-border payment solutions for enterprises, today announces it will be using Form3 ‘s Verification of Payee (VoP) solution for SEPA account validation, giving PingPong a competitive edge by implementing compliance measures five months ahead of the October go-live date.