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EPC Selects Swift for the EPC Directory Service

Fintech Finance

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
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CBI’s Leadership in Open Finance: Expanding Value-Added Services Through Collaboration

The Fintech Times

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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RoPay Officially Launches – the First National Mobile Instant Payment Service

Fintech Finance

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.

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Saxo Taps Treasurers’ Demand For FX Risk Watch

PYMNTS

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
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EU agrees game-changing deal for instant payments

Neopay

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.

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Signicat, SurePay Link Up To Combat B2B Payment Fraud

PYMNTS

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.

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European Council Rolls Out Instant Payments Regulations, Eyeing EU Single Market for Capital

The Fintech Times

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.