The Fintech Times

MAY 28, 2025

Payments is probably more impacted by regulation than most other areas, he said, pointing to changes around instant payments, timestamping and verification of payee in Europe, as well as the SWIFT MT/MX transition. Often, regulation forces banks to modernise, he said. In that way.

Compliance 45

Compliance Payment APIs and Integration Payments AI 45

Finextra

MARCH 19, 2024

Fiancial messaging co-operative swift has been enlisted by Aastralian Payments Plus (AP+) to build a confirmation of payee service to reduce the risk of misdirected payments and increase defences against payment fraud.

Payee 111

Payee SWIFT Risk Payments 111

Finextra

JUNE 18, 2024

Bank-to-bank payment messaging network Swift is working to facilitate interoperability of Verifcation of Payee schemes across Europe as new research shows that 83% of SMEs across France, Germany, Italy and Spain rank upfront beneficiary checks as important to them in trading across borders.

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SWIFT Payee Interoperability Payment Message 132

Fintech News

MARCH 19, 2024

Swift has been selected by Australian Payments Plus (AP+) to develop a new service aimed at enhancing the safety and security of money transfers in Australia. This service, known as confirmation of payee, is designed to minimise the risk of erroneous payments and bolster defenses against fraud.

SWIFT 118

SWIFT Payee Cross-Border Payments Scams 118

Finextra

APRIL 26, 2024

Moderating her last panel of the day, Finextra’s head of content Madhvi Mavadiya discussed Confirmation of Payee (COP) with Christina Fransson, senior payment product specialist of FIS in EMEA, Greg Huguet, European regional director at iPiD, Paulina Kudlacik, Confirmation of Payee scheme manager at the Nordic Payments Council, and Richard Ross, global (..)

Payee 98

Payee SWIFT Global Payments Product 98

Fintech News

JUNE 4, 2024

Founded in 2021 by former Swift executives, iPiD offers advanced payee verification and identification solutions aimed at enhancing global payment security. Additionally, the funding will support the rollout of iPiD’s solutions in Europe, helping financial institutions comply with the upcoming Verification of Payee regulation by 2025.

SWIFT 115

SWIFT Payee FinTech Verification 115

The Fintech Times

AUGUST 8, 2024

Australian Payments Plus (AP+) and the Australian Banking Association (ABA) have completed the design of the new Confirmation of Payee (CoP) service which will enable people paying to an account with a name, BSB and Account number to confirm the account name of the payee before the payment is made.

Payee 59

Payee SWIFT Scams Payment APIs and Integration 59

Fintech Finance

MARCH 19, 2024

Swift today announced it has been selected to build a service that will reduce the risk of misdirected payments and increase defences against payment fraud, providing Australians with more confidence when sending money. This is done by comparing the payee’s name entered by the payer with the name associated with the payee’s account.

Payee 59

Payee SWIFT Payment APIs and Integration Cross-Border Payments 59

Fintech Finance

JUNE 18, 2024

Swift today published the findings of research that shows Small and Medium Enterprises (SMEs) in the European Union feel positive about the EU’s Instant Payments Regulation, with many expecting it to save them money, improve their cashflow, and increase their competitiveness. One in five expect to be more competitive.

SWIFT 97

SWIFT Instant Payments Cross-Border Payments Cross-Border 97

The Fintech Times

MARCH 31, 2024

SurePay , the IBAN-name check provider, confirmation of payee (CoP) and verification of payee (VoP) to over 100 banks, has expanded its services following a strategic agreement with Swift , the messaging network, and the integration of Swift’s payment pre-validation service.

Payee 59

Payee SWIFT Cross-Border Cross-Border Payments 59

PYMNTS

AUGUST 12, 2020

AscendantFX Capital , which works in technology-based payment innovations, has joined the SWIFT Network for the benefits it offers, including better transparency and faster payments, the company announced in a Wednesday (Aug. “We plan to use the data SWIFT gpi provides to route payments in the most effective, efficient way possible.

Cross-Border 77

Cross-Border SWIFT Cross-Border Payments Payee 77

Fintech Finance

MAY 8, 2024

CEC has taken the responsibility to provide the Belgium VoP and has, on behalf of the Belgium Banks and in consultation with Febelfin, awarded SurePay to deliver Verification of Payee (VoP) services. What is Verification of Payee? SurePay, has been a pioneer in Verification of Payee since 2016, conducting over 1.5

Payee 59

Payee Verification Scams SWIFT 59

Fintech Finance

APRIL 11, 2024

With impending regulatory changes from the UK Payment Systems Regulator (SD17) and EU legislation on Instant Payments, data and security (PSD3), it is imperative that financial institutions have Verification of Payee (EU) and Confirmation of Payee (UK) solutions in place.

Payee 52

Payee Verification Payment APIs and Integration IBAN 52

The Fintech Times

JUNE 19, 2024

Small and medium enterprises (SMEs) across the European Union currently feel positive about the EU’s Instant Payments Regulation, with many expecting it to save them money, improve cashless, as well as their competitiveness; according to new research by financial messaging network Swift.

Instant Payments 59

Instant Payments SWIFT Cross-Border Payments Regulations 59

Fintech Finance

APRIL 29, 2024

Finastra , a global provider of financial software applications and marketplaces, today announced the go-live of its Bacsactive-IP Confirmation of Payee (CoP) service with ScotPayments , a centralized payments platform that supports the digital transformation of public services in Scotland.

Error Resolution 98

Error Resolution Payee Payment APIs and Integration Payments 98

PYMNTS

JANUARY 21, 2021

The feature will be available for both payers and payees, and it will offer live updates on the status of international payments at all stages of the fund transfer process, the release stated. It leverages the SWIFT gpi tracking service and other payment data services, along with the platform’s own data.

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B2B Transactions Payee Payer 87

Finextra

JUNE 5, 2024

Founded by a team of former Swift executives, iPiD (International Payment Identity) has raised $5.3 million to roll out a Confirmation of Payee product across Europe.

Payee 69

Payee SWIFT Security International Payments 69

Nanonets

SEPTEMBER 30, 2023

In today's interconnected world, the swift and secure transfer of funds across borders is essential for international trade and finance. SWIFT is a crucial player that facilitates this process. SWIFT is the most common and widely adopted wire transfer method, connecting financial institutions across the globe.

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SWIFT Wire Transfer Wire Wires 52

The Nilson Report

JUNE 3, 2024

The post Belgian Banks Choose SurePay as Verification of Payee Vendor appeared first on Nilson Report.

Payee 52

Payee Verification Posting SWIFT 52

The Paypers

MARCH 20, 2024

The Society for Worldwide Interbank Financial Telecommunication ( SWIFT ) has announced that it was selected to develop a confirmation of payee service for Australian Payments Plus.

SWIFT 41

SWIFT Payee Payments 41

Finextra

OCTOBER 22, 2024

In an interview with FinextraTV in the lead-up to Sibos 2024 in Beijing, China, Ainsley Ward, Vice President Payments Solutions, CGI, explores the topic of instant mandates and the implementation of Verification of Payee (VoP) across Europe.

Real Time Payments 75

Real Time Payments Cross-Border ISO 20022 Payee 75

PYMNTS

JANUARY 2, 2019

Coverage includes The National Bank of Kuwait ’s rollout of SWIFT Global Payments Innovation (gpi) services with the help of ACI Worldwide. The National Bank of Kuwait has rolled out SWIFT Global Payments Innovation (gpi) services via the payments engine of ACI Worldwide, according to an announcement.

SWIFT 49

SWIFT Cross-Border Payee Funds Transfer 49

Finextra

JULY 4, 2024

At EBAday 2024, Marianne Demarchi, Chief Executive Europe, Middle East & Africa, Swift, focused on the incoming Instant Payments Regulation and Swift's recently released research on SMEs and cross border payments.

Interoperability 59

Interoperability Instant Payments Cross-Border Payments Cross-Border 59

PYMNTS

DECEMBER 15, 2020

In the Feature Story, Rodewald explains how virtual cards can provide healthcare claims processors with the flexibility and speed needed to work with such unpredictability and deliver swift payments to an ever-changing selection of payees. Firms must also attend to how they pay their employees. Check out the Report for the full story.

B2B 107

B2B Processors Push-to-Card Automation 107

Fintech Finance

MAY 30, 2024

HSBC has introduced a new Payment Pre-Validation API (Application Programming Interface) to help business customers make payments with greater security, ease and confidence, by offering enhanced capabilities to verify payee details prior to initiating payments, making them faster and more reliable.

API 52

API Payee Payment APIs and Integration Account Validation 52

The Paypers

JULY 8, 2021

SWIFT has announced the go-live of a service that will enable banks to verify payee account details before an international payment is sent.

SWIFT 28

SWIFT Accounts Verification Payee 28

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.

Payee 52

Payee Verification Cross-Border IBAN 52

PYMNTS

JANUARY 28, 2021

This week's look at the convergence between accounts receivable (AR) and accounts payable (AP) finds this tactic expanding in the corporate card arena, while another FinTech aims to boost cross-border payment traceability for both payer and payee. Tat Capital Eases Card Acceptance For Vendors.

Innovation 61

Innovation Payer Cross-Border Payee 61

PYMNTS

OCTOBER 16, 2020

Consumers send funds by tapping or swiping payment cards, clicking a few buttons on banking websites or payment apps, or keying details into online checkout pages, which payees receive via bank accounts or digital wallets.

Cross-Border Payments 85

Cross-Border Payments Cross-Border Correspondent Bank Correspondent 85

PYMNTS

SEPTEMBER 26, 2019

Consumers, businesses and governments are seeing faster payments as a path to greater convenience and financial security, and this growing demand is spurring payments services providers (PSPs) to meet this need in a swift, secure manner. Pull payments do carry risks for both merchants and payers, however.

Payer 67

Payer Push-to-Card Real Time Payments Payee 67

PYMNTS

AUGUST 14, 2019

Our current customers have already gravitated to this new payment method, and adoption has been swift as Bento Pay is recognized as a mechanism for operational agility.”. Payees, in turn, elect to receive funds via a one-time use virtual card or ACH transfer, safeguarding their information and enjoying fast, seamless transactions.”.

B2B 56

B2B Payment APIs and Integration ACH Payee 56

FICO

SEPTEMBER 21, 2016

In early 2013, we launched the first FICO Retail Banking Payment model on the FICO® Falcon® Fraud Manager 6 platform , a model designed to detect fraud in e-payments (ACH, Swift, BACS, etc). The technique enables the model to capture habits of both payer and payee from different dimensions.

Payer 64

Payer Payee Fraud Detection Payments 64

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.

Mitigation 59

Mitigation Risk Global Payments Deepfake 59

PYMNTS

MARCH 1, 2019

Payments that don’t go through are then sent back to payees, who could face fees from banks along the payment chain as well as serious settlement delays. Citi expects integration with the pre-validation service to be straightforward for the banks already live on SWIFT gpi. There might be an end in sight, however. Reaching ubiquity.

Cross-Border Payments 43

Cross-Border Payments Cross-Border Payment APIs and Integration SWIFT 43

The Payments Association

OCTOBER 22, 2024

In addition to screening out seemingly malicious actors during know-your-customer (KYC) and anti-money laundering (AML) checks, banks and payments companies can employ machine learning models for pattern recognition and anomaly detection to identify unusual transaction behaviour post-onboarding, such as large transfers to new payees.

Rules 88

Rules Fraud Prevention Caps Deepfake 88

PYMNTS

OCTOBER 25, 2019

It is also the provider of SWIFT Net File ACT-based SWIFT Transmission Solution (STS) Gateway Product, the channel into the Bacs solutions and all ancillary solutions, including the Current Account Switching Solution (CASS). The solution will help people combat payment and avoid mistakes like sending funds to the wrong account.

ATM 40

ATM SWIFT Payee Visa 40

PYMNTS

OCTOBER 25, 2019

It is also the provider of SWIFT Net File ACT-based SWIFT Transmission Solution (STS) Gateway Product, the channel into the Bacs solutions and all ancillary solutions, including the Current Account Switching Solution (CASS). The solution will help people combat payment and avoid mistakes like sending funds to the wrong account.

ATM 40

ATM SWIFT Payee Visa 40