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.

Payee 52

Payee Verification Instant Payments Regulatory Compliance 52

Fintech Finance

MAY 21, 2024

The deadline in Europe for Verification of Payee, based on the Instant Payment regulation, is October 2025. As such, it offers a secure and efficient payment experience for customers and improved business efficiencies, as well as regulatory compliance. billion CoP/VoP checks across the UK and EU since 2017.

Payee 52

Payee Verification Regulatory Compliance Scams 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

Fintech Finance

OCTOBER 23, 2024

Compliance with sanction screening, anti-money laundering (AML) and fraud detection requirements, including Verification of Payee check, was identified as the top concern. Intix’s survey found that most banks are prioritising investments in risk and compliance to prepare for these upcoming changes.

Instant Payments 105

Instant Payments ISO 20022 Regulations Fraud Detection 105

PYMNTS

JULY 31, 2019

With NetNow, he said, Tipalti already has existing relationships with payers and payees and “a huge source of data” at the ready, enabling it to provide accounts payable and remittance services for clients. Payment processing can begin on the same day (although payments, done through wire, check, U.S.

Faster Payments 69

Faster Payments Payee Payments Underwriting 69

The Fintech Times

OCTOBER 24, 2024

Compliance with sanction screening, anti-money laundering ( AML ) and fraud detection requirements, including Verification of Payee checks, was identified as the top concern. Most banks are prioritising investments in risk and compliance to prepare for these upcoming changes.

Instant Payments 59

Instant Payments ISO 20022 Fraud Detection ISOs 59

Fintech Finance

MARCH 18, 2024

Clear Junction has a growing reputation for ensuring the highest adherence to regulatory compliance obligations and data security standards. Clear Junction implemented its Confirmation of Payee (CoP) a year ahead of the mandated deadline to boost payment security and minimise fraud risk for its clients and their customers.

Cross-Border Payments 64

Cross-Border Payments Stablecoins Cross-Border IBAN 64

M2P Fintech

MARCH 28, 2024

Compliance-as-a-Service (CaaS) CaaS is a cloud-based solution that outsources the management of regulatory compliance for businesses, including implementation, maintenance, and employee training. This collaborative approach expands market reach and enhances financial inclusivity.

FinTech 59

FinTech Online and Mobile Banking Push-to-Card Payer 59

Neopay

APRIL 8, 2024

This extends the current requirement, which mandates crediting the transaction amount to the payee’s account by the end of the next business day. Additionally, they should begin assessing how the regulatory changes will impact their internal fraud frameworks, including policies, due diligence processes, and training.

Service Provider 52

Service Provider Due Diligence Fraud Prevention Payments 52

PYMNTS

OCTOBER 10, 2018

According to Mugford, fraud and regulatory compliance are a headache for banks and corporates regardless of payment rails used, but remain of paramount importance. Companies, meanwhile, should “never blindly accept and approve a payee request by email,” said Mugford.

Wire Transfer 46

Wire Transfer Wire Wires Cross-Border 46

Nanonets

APRIL 1, 2024

Proper management involves regular reconciliation , communication with payees, and adherence to best practices to mitigate risks. If lost or stolen, they can be altered, leading to unauthorized withdrawals or changes in payee information, compromising financial security.  What is Bank Reconciliation?

Reconciliation 52

Reconciliation Checks Automation Process 52

The Fintech Times

FEBRUARY 19, 2024

As regulatory compliances are updated, fintechs and payment platforms with robust currency management programs, multiple licences and MCCY IBAN’s will become more popular with businesses engaged in global trade. . Keeping up with regulations will also be vital.

Cross-Border Payments 69

Cross-Border Payments Cross-Border Stablecoins Multi-Currency 69

The Payments Association

MAY 16, 2025

PSPs and acquirers will now transmit richer remittance information, structured payer/payee details, and standardised reference fields. Regulatory compliance, handled correctly, becomes a competitive differentiator: a signal of trust, credibility, and operational maturity in a crowded and cost-sensitive payments landscape.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

FICO

DECEMBER 19, 2022

More than ever, verification throughout the customer lifecycle is necessary not only for fraud management and regulatory compliance, but also to stop legitimate customers from participating in fraud — whether intentional or not. and “Guess Why?”.

Assessments 52

Assessments Scams Authentication Authorization 52

Stax

MARCH 14, 2024

Cross-border B2B payments can be complicated due to currency conversions, regulatory compliance, and varying banking systems. This would take them to the gateway where they can pay by credit card, Paypal, or other payment options the payee wishes to add. What are the Most Common B2B Payment Methods?

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B2B Process B2C Credit Cards 88