Fintech Finance

DECEMBER 16, 2024

Modulr , a leading digital payment services provider, is today announcing a significant new contract with His Majesty’s Revenue and Customs (HMRC) for the provision of Confirmation of Payee (CoP) services.

Payee 98

Payee Payment APIs and Integration Security Agreements 98

Fintech News

OCTOBER 27, 2024

While the SRF covers common phishing scams involving impersonation and unauthorized transactions, it does not include scams involving authorized transactions, such as investment scams and love scams. The SRF’s liability provisions do not extend to transactions involving credit cards, charge cards, or debit cards issued in Singapore.

Phishing 135

Phishing Scams Blocks Authorization 135

Fintech Finance

MAY 28, 2025

Emirates NBD , a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has announced its partnership with iPiD , a global Know Your Payee (KYP) validation provider. With this solution, customers can verify payee names, IBANs and account numbers in real time, before a payment is made.

Payee 64

Payee Verification Cross-Border Payments Cross-Border 64

The Paypers

JUNE 12, 2025

Following this announcement, the collaboration is set to enable IFX Payments to leverage Form3’s Verification of Payee (VoP) solution for SEPA accounts, aiming to strengthen its defences against payment fraud and aligning with the Instant Payments Regulation mandate.

Payee 36

Payee Verification Financial Crimes Payment APIs and Integration 36

Fintech Finance

JANUARY 2, 2025

” The report highlights essential fraud mitigation strategies such as enhanced authentication, transaction monitoring, and confirmation of payee practices, as well as the importance of information sharing and consumer protection. payments industry on its faster payments journey.” faster payments infrastructure.

Faster Payments 98

Faster Payments Mitigation FPC Payments 98

Fintech Finance

JULY 2, 2025

Banqup Group , the company behind the trusted digital platform Banqup, has announced a partnership with iPiD , a global leader in payee verification technology. Partnering with iPiD allows us to take an even more proactive stance against fraud—verifying the payee before a payment is made and giving our users peace of mind.”

Payment Security 52

Payment Security Payee Security Verification 52

EBizCharge

DECEMBER 18, 2024

With transactions occurring every second, the need for a reliable mechanism to facilitate these exchanges becomes increasingly important. This is where a financial clearinghouse acts as an intermediary to ensure smooth transactions between parties. What is a clearinghouse? The following section will explore how they maintain this.

Facilitators 52

Facilitators Transactions Settlement Mitigation 52

Fintech Finance

JULY 11, 2025

Major milestones have been reached on Confirmation of Payee, Faster Payment transactions, Authorised Push Payment (APP) reimbursement, card fee reviews and potential remedies proposed. The PSR continued the rollout of Confirmation of Payee requirements across Faster Payments, covering more than 99% of transactions.

Payee 52

Payee Faster Payments Push-to-Card Regulations 52

Fintech Finance

JUNE 23, 2025

PingPong , the world-leading provider of embedded cross-border payment solutions for enterprises, today announces it will be using Form3 ‘s Verification of Payee (VoP) solution for SEPA account validation, giving PingPong a competitive edge by implementing compliance measures five months ahead of the October go-live date.

Regulatory Compliance 59

Regulatory Compliance Compliance Cross-Border Payments Cross-Border 59

Fintech Finance

DECEMBER 17, 2024

This move will enable Tietoevry Bankings client financial institutions to offer corporate customers Visa B2B Connect payments, delivering faster, more cost-effective and transparent payment options when transacting across borders.

Cross-Border 94

Cross-Border Cross-Border Payments Payment APIs and Integration B2B 94

Fintech Finance

JANUARY 7, 2025

FxPro , a global leader in financial services and electronic money solutions, has announced its partnership with tell.money to implement Confirmation of Payee (CoP) technology. With the rise of app-based fraud, ensuring robust protection for financial transactions will continue to be critical in the new year of 2025 and going forward.”

Payee 98

Payee Multi-Currency Security Transactions 98

The Payments Association

JUNE 16, 2025

Mark Goldspink Ambassador, TPA “Offline digital transactions could transform payments by enabling wider digital inclusion and offering customers more choice. IDEMIA Secure Transactions has conducted offline CBDC experiments with several central banks, including the Bank of England. But widespread adoption remains distant.

Settlement 88

Settlement CBDC Payment APIs and Integration Privacy 88

Stax

NOVEMBER 13, 2024

TL;DR ACH payments are a popular way for individuals and businesses to transact with each other because they are easy and quick to send. An ACH debit transaction is another form of payment processed by the ACH network. The details of the transaction are available for the customer and the receiver to view and follow.

ACH 88

ACH ACH Network Payer Payee 88

Stax

MARCH 27, 2025

To choose the right payment method, consider transaction volume, transfer speed, cost, and security. ACH payment is more affordable and can be automated and payee-initiated, making it ideal for recurring transactions and subscription payments. Thats Electronic Funds Transfer (EFT) in action. Lets look into that closely below.

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wire 88

Finovate

FEBRUARY 5, 2025

Payment technology provider for financial institutions, Numeral, unveiled its fully managed Verification of Payee (VOP) solution this week. Numeral , a payment technology provider for financial institutions, launched its fully managed Verification of Payee (VOP) solution this week.

Payee 59

Payee Verification Payer API 59

Finextra

JULY 7, 2025

In short, from faster payments (60 percent quicker) to safer transactions and $40 million profit bumps from automated support, AI is quietly rewriting banking’s cost, risk and customer-experience equations in real time. For example, HSBC’s AI can flag suspicious transactions and assist compliance teams in real time.

AI 114

AI Fraud Detection Online and Mobile Banking Payment APIs and Integration 114

Finextra

JUNE 9, 2025

million transactions settled in the same period [2]. Similarly, a record 98 million transactions were made through The Clearing House (TCH-RTP) network in Q4 2024 [3]. To combat this, Nacha is introducing new real-time fraud monitoring for ACH transactions, which go live in March 2026. Reports show that a third of U.S.

ISO 20022 52

ISO 20022 ISOs FedNow TCH 52

The Fintech Times

DECEMBER 12, 2024

James Sharpe, sales director digital native business at Eviden, Atos Group Open banking-powered solutions offer a lower cost-per-transaction to process than cards and automate account reconciliations to reduce administration costs.

Facilitators 72

Facilitators Payments Blockchain Payee 72

Fintech Finance

MAY 19, 2025

now provides businesses with seamless access to all major UK payment schemes – Faster Payments, BACS, and CHAPS – enabling real-time transactions in GBP. The integration also strengthens fraud prevention with Confirmation of Payee (CoP), ensuring safer payments by verifying recipient account details before funds are transferred.

Payment APIs and Integration 59

Payment APIs and Integration Fraud Prevention Payee Payments 59

The Fintech Times

JULY 10, 2025

That enables a card-present transaction online – something that has never been done till now. It gives the merchant the same liability protection as an in-store transaction because there’s significantly less chance of fraud. Our transaction had to look exactly like it came from a standard in-store terminal. Now we’re live.

Online and Mobile Banking 59

Online and Mobile Banking CHIPS Laws Account Takeovers 59

The Payments Association

DECEMBER 2, 2024

The IPR was brought in with the intention of instant payments across the EU, enhancing the speed and efficiency of transactions. As part of this, PSPs are required to offer services that verify the payee’s identity before executing a credit transfer. Additionally, the MiCA regulation could create new challenges.

Regulations 88

Regulations Instant Payments Consumer Protection Payments 88

The Payments Association

JUNE 16, 2025

These systems go beyond conventional transaction monitoring to provide specific identity profiling, IP locations of fraudster activity and faster real-time behavioural analysis, to name a few advantages. This mechanism is designed to incentivise both ends of a transaction to monitor fraud risk more proactively.

Scams 88

Scams Assessments Consumer Protection Fraud Prevention 88

Finextra

JUNE 16, 2025

With WollettePay, each transaction is protected by biometric verification, tokenisation, and advanced encryption, providing merchants and consumers with complete confidence in a seamless, secure experience. Highlights Contactless tap, familiar ease Consumers pay instantly from their bank accounts without redirects or entering card details.

Payment APIs and Integration 52

Payment APIs and Integration Encryption Authorization API 52

Finovate

APRIL 10, 2025

Customers simply set up their transaction with the amount and type of currency to be exchanged, provide recipient details, choose a deposit method, and transfer money into their account. With an average margin rate of 0.53%and Using CurrencyFair is straightforward.

Payment APIs and Integration 52

Payment APIs and Integration Cross-Border Cross-Border Payments Payee 52

The Fintech Times

JANUARY 7, 2025

Name Check CBI (Verification of payee VoP), is offered by CBIto mitigate fraudattempts, avoid misdirection ofpayments and enhance the stability of the financial market, forbothretailand corporatecustomers. Developed in line with European standards, the solution offers a unified method for IBAN verification in financial transactions.

Value Added Service 105

Value Added Service Finance Payee Cross-Border Payments 105

Fintech Finance

APRIL 13, 2025

Paysera , a financial technology company with 20 years of market experience, has announced a strategic partnership with iPiD, a global provider of payee verification solutions. The goal of this requirement is to increase payment security and reduce the risk of fraud and errors throughout the SEPA area.

Verification 81

Verification Compliance Payee Accounts 81

The Fintech Times

APRIL 27, 2025

The results, published in a new report, Pushing the Limits: US Instant Payments in 2025, based on responses from 300 senior payments professionals at US banks , suggest larger transaction limits are helping to boost instant payment demand. Our latest research shows strong demand for instant payments and growing pressure on banks to deliver.

RTP 45

RTP FedNow Instant Payments Payee 45

The Fintech Times

FEBRUARY 11, 2025

In 2024, 98 per cent of remittance transactions were completed in under five minutes and the platform also introduced new features like GBP payee confirmation, and enhanced fraud detection. This demonstrates that Send App prioritises speed, without sacrificing security and compliance.

Cross-Border 85

Cross-Border Cross-Border Payments Fraud Detection Payee 85

The Payments Association

JANUARY 15, 2025

With Swift’s global network of over 11,500 members and our ongoing role as an industry convenor around standards like ISO 20022, we are uniquely positioned to support seamless interoperability between an upgraded FPS and cross-border transactions. However, a commitment to shared standards will be crucial to do so.

SWIFT 88

SWIFT ISO 20022 Cross-Border Cross-Border Payments 88

Neopay

MARCH 26, 2025

Source : Payments Cards and Mobile The post 8 in 10 UK businesses plan to improve payments processes in 2025 appeared first on Neopay.

Process 52

Process Push-to-Card Automation Payments 52

Finextra

JUNE 13, 2025

Merchants will also receive their local currency by default, with no foreign transaction or exchange fees applied. Merchants need payment systems that can handle complex transactions and checkout steps like tax finalisation and inventory reservation. Welcome to Finextra. We use cookies to help us to deliver our services.

Stablecoins 64

Stablecoins Payment APIs and Integration Payments Cross-Border Payments 64

Fintech Finance

FEBRUARY 13, 2025

While embarking on the exciting milestone of expanding into new markets and engaging with customers globally, businesses often encounter challenges when navigating transactions in foreign currencies.

Multi-Currency 69

Multi-Currency Cross-Border Accounts Payee 69

The Fintech Times

JULY 3, 2025

Partnerships and collaborations Orbital , a cross-border payment platform bridging stablecoins and fiat, has partnered with ClearBank Europe to enable real-time euro transactions via SEPA. Banqup Group has partnered with global payee verification provider iPiD to enhance payment security and combat invoice fraud across its digital platform.

FinTech 59

FinTech Payee AI Verification 59

Fintech Finance

MAY 2, 2025

The DreamPay platform now supports Interac e-Transfer transactions alongside EFT, virtual cards, and cheques, and integrates directly into existing treasury, ERP, and claims systems — with no infrastructure changes required.

Payment APIs and Integration 86

Payment APIs and Integration Payee Payments Embedded Payments 86

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. Regulation in payments Fennell describes regulation as both a constraint and a catalyst.

Compliance 45

Compliance Payment APIs and Integration Payments AI 45

The Fintech Times

APRIL 15, 2025

Piel will be responsible for originating and executing corporate finance transactions with financial institutions globally Cashflow finance provider eCapital Commercial Finance ( eCapital) has appointed Jason Sedgwick as regional sales manager within their South of England team.

FinTech 64

FinTech Payment APIs and Integration Non-Bank Community Banks 64

Finextra

JUNE 6, 2025

Instant Payment Revolution : Domestic instant payments are available in 70 countries and being mandatory in EU, representing 27 countries, from October 2025 Instant international payments with real-time currency exchange capabilities are on its way and will include crypto currencies Enhanced digital verification and confirmation of payee services are (..)

Technology 52

Technology Instant Payments Authorization Scams 52