Fintech Finance

JANUARY 21, 2025

The EPC VOP scheme relies on exchanging VOP messages between payer and payee PSPs in accordance with the rules set out in the VOP rulebook and implemented on the basis of application programming interfaces (APIs) designed by the EPC.

SWIFT 98

SWIFT Payee IBAN RFP 98

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.

Value Added Service 105

Value Added Service Finance Payee Cross-Border Payments 105

Fintech Finance

OCTOBER 15, 2024

Developed by TRANSFOND, RoPay is an instant mobile payment initiation service that enables direct account-to-account transfers (A2A), utilizing technologies such as QR code scanning, deep links, NFC (contactless), or mobile numbers as proxies (aliases) for IBANs.

Instant Payments 98

Instant Payments Online and Mobile Banking Processors Payments 98

PYMNTS

APRIL 6, 2016

The new platform, announced on Tuesday (April 5), sees corporate treasurers able to access and trade foreign currency over Banking Circle, which connects payers and banks. It will provide corporate payers with a global IBAN account, linking treasurers to more than 160 currencies across 60 countries, the company said.

Risk 40

Risk Cross-Border Payments Cross-Border Payer 40

Neopay

NOVEMBER 27, 2023

Not only will the move make instant euro payments universally available and affordable, it will also increase trust thanks to an obligation on providers to verify the match between the IBAN and the name of the beneficiary provided by the payer, says the Council.

Instant Payments 52

Instant Payments Non-Bank Stablecoins IBAN 52

PYMNTS

DECEMBER 2, 2019

Payers are warned of any mismatch between payee identity and bank account information in real time in an effort to combat identity and payments fraud , the firms said. Payers can obtain feedback about a beneficiary before they make payments and release funds, warning businesses of a discrepancy and the need for further due diligence.

Due Diligence 40

Due Diligence B2B Payee Payer 40

The Fintech Times

FEBRUARY 28, 2024

Tackling fraud in a single market Under the new rules, instant payment providers will need to verify that the beneficiary’s IBAN and name match in order to alert the payer to possible mistakes or fraud before a transaction is made. This requirement will apply to regular transfers too.

Instant Payments 69

Instant Payments Regulations Non-Bank Payments 69