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.

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Payee Verification Instant Payments Regulatory Compliance 52

Finextra

OCTOBER 9, 2024

and CBI joins their IBAN-Name Check expertise at the service of their respective communities in order to offer an interoperable solution to fight against fraud. SEPAmail.eu

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IBAN Payee Interoperability Verification 64

Finextra

MARCH 18, 2024

A few days after the Instant Payments Regulation adoption by the Council of the EU, LUXHUB’s shareholders (Spuerkeess, BGL BNP Paribas, POST and Raiffeisen) are expressing today their support to the company’s Payee Verification Platform.

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IBAN Checks Payee Instant Payments 52

Fintech Finance

JUNE 5, 2024

Founded in 2021 by a team of former Swift executives, iPiD provides cutting-edge payee verification and identification solutions. These new funds will be utilized to accelerate the commercial roll-out of iPiD’s Verification of Payee solutions in Europe. Confirmation of Payee in the UK is a case in point.

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Open Banking Excellence

NOVEMBER 14, 2023

This would increase consumer awareness, bolster customer authentication standards, extend refund rights for fraud victims, and mandate the verification of payees’ IBAN numbers against their account names for all credit transfers.

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The Payments Association

APRIL 23, 2025

The verification of payee (VoP) requirement represents another challenge that must be addressed by October, adding further pressure to banks. Systems that verify the IBAN matches with the intended recipients name notably a feature not previously mandatory in SEPA credit transfers are now compulsory.

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Real Time Payments Innovation Instant Payments Payments 88

Fintech Finance

FEBRUARY 26, 2025

As a fully regulated bank, ClearBankwillimprove InterpolitansUK solutions byproviding local GBP accounts for its corporate and private client base, complete with embedded Confirmation of Payee (CoP).

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Multi-Currency IBAN Payee Faster Payments 52

The Fintech Times

OCTOBER 31, 2024

LSEG Risk Intelligence is launching Global Account Verification, which checks payee and account details match before transfers are confirmed, as well as Document and Biometric Verification, which uses AI and deep learning to accurately conduct identity checks.

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Mitigation Risk Global Payments Deepfake 59

PYMNTS

DECEMBER 2, 2019

2) said Signicat will integrate SurePay’s bank account verification solution within Signicat’s Digital Identity Platform, allowing financial institutions and businesses in the Netherlands to automatically authenticate a payee’s identity with its bank account details.

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Fintech Finance

MARCH 18, 2024

Along with snowballing revenues, Clear Junction proudly serves in over 100 countries and territories, processes over €50 billion volume of payments every year, is trusted by over 300 clients globally, supports more than 10 million end customers with its virtual IBANs, and employs more than 130 employees – a 20% growth from last year.

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Cross-Border Payments Stablecoins Cross-Border Compliance 64

PYMNTS

JULY 7, 2017

Cofounder Ian Mirels told reporters that part of the problem is that in Australia, there is a lack of awareness that banks don’t match payee names to account numbers when processing transactions, leading payments fraud to be a rising focus for cybercriminals, he said. Invoice Finance.

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Online and Mobile Banking B2B IBAN Payee 40

The Fintech Times

JANUARY 7, 2025

Enhancing security Some of these services are the Check IBAN, Name Check CBI and CBI Safe Trade, all designed to combat frauds and deliver greater security.Moreover, these solutions are fully in line with the Sustainable Development Goals (SDGs) identified by the United Nations 2030 Agenda.

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Value Added Service Finance Payee Cross-Border Payments 105

The Fintech Times

DECEMBER 18, 2024

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.

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Finance IBAN Fraud Prevention Interoperability 115

Fintech Finance

DECEMBER 12, 2024

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). EBA CLEARING today announced the launch of its SEPA-wide VOP solution.

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Fintech Finance

JANUARY 14, 2025

Through this collaboration, Airwallex will leverage ClearBank’s agency banking solution to enhance its UK offering with virtual business accounts, GBP collections, and Confirmation of Payee (CoP) functionality. ClearBank has enabled the global fintech to issue virtual accounts and IBANs under its own brand identity.

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Payee IBAN Payments Faster Payments 105

The Fintech Times

APRIL 28, 2025

To strengthen Denmark’s position in the fight against payment fraud, Finance Denmark , the country’s association representing banks, mortgage institutions and financial firms, has selected SurePay to provide a national Verification of Payee service.

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Payee Verification Finance IBAN 40

The Fintech Times

JANUARY 15, 2025

Global payments and financial platform for modern businesses, Airwallex has expanded its UK offering with virtual business accounts, GBP collections, and confirmation of payee (CoP) functionality, following a new partnership with ClearBank , the embedded banking and real-time clearing enabler.

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IBAN Payee On-Demand Faster Payments 59