Verification of Payee
Our verification of payee solution enhances trust, ensuring that businesses and customers can confidently confirm their payments reach the intended recipients.
Confirmation of Payee
Our solution gives businesses and customers greater confidence that their payments are received by recipients they were intending to pay.
Open Banking Dedicated Interface
Our API solution is compliant with latest technical standards in UK and helps ASPSPs meet their PSD2 obligations.
Open Banking Contingency Mechanism
Our solution can be used by ASPSPs who do not have a working Open Banking Dedicated Interface or have failed to obtain Contingency Mechanism exemption from FCA.
Open Banking Test Suite
Our fully automated interactive in-house testing application to help ASPSPs test their Open Banking Dedicated Interface implementations.
TechnoXander Verification of Payee (VoP) API is a cutting-edge solution for all your name and account verification checks when processing SEPA Payments. Our Verification of Payee (VoP) API verifies payee’s name before any transaction, putting an extra layer of security to prevent APP fraud.
Considering the increasing number of APP scams, TechnoXander VoP API aims to secure all payments by verifying payee’s name and IBAN before a payment is initiated. Our Verification of Payee solution is easy to integrate and complies with the European Payment Council (EPC), Nordic Payment Council (NPC) and Single Euro Payments Area (SEPA) regulations.
Open Banking Product Suite
A one stop shop for all your Open Banking requirements.
Our Open Banking Dedicated Interface API solution is compliant with latest technical standards in UK to help banks meet their PSD2 obligations.
Also known as Modified Customer Interface or Fallback Mechanism is an alternate way for TPPs to connect with ASPSPs.
A fully automated interactive In-house Testing application
Confirmation of Payee gives businesses and customers greater confidence that their payments are received by recipients they were intending to pay.
Both business and personal clients can benefit from this added layer of protection against fraud. The service is real time and quick way of checking if the payee’s name, sort code and account number actually match the account holder’s details at payee bank.
The service works for payments being made to and from GBP accounts held at any UK bank.
Developers
Our API Sandbox allows developers to freely use our APIs so that applications can move to Production environment with ease. Our sandbox helps accelerate development and allows testing your application in real-world conditions.
Our platform is language and framework agnostic, giving developers the freedom and flexibility to build solutions in whatever way they choose.
The API Sandbox contains dummy data about customer accounts and transactions. From a developer point of view, the API behaviour, parameters, and headers are identical to the Production APIs…
About TechnoXander
We are a UK-based Fintech specialising in Payments innovation. TechnoXander is an enthusiastic team interested in helping banks and institutions make the most of PSD2, Open Banking and fraud prevention solutions such as Confirmation of Payee (CoP).
We adapt and re-invent ourselves every day to embrace the changes in the payments world. We invest in building products and practices which align with the latest trends in the market. Our products built in-house are a testament to a team which adapts and learns quickly. Our products are compliant with regulatory requirements and are built on a modern technology stack.
Why Choose us?
Our products are compliant with regulatory requirements and are built on modern technology stack. We do not do white-labelling and so, have full control on the roadmap of our products making it easier to implement regulatory changes in products as the ecosystem evolves.
Experts in Open Banking
Fully Complaint Products
Modern Technology Stack
No White-Labelling
ISO 27001:2022 certified
Collaborative Approach
Flexible Pricing models
Flexible Deployment
Our Latest Blogs
We are all about latest ideas which have an impact on payments ecosystem and we are fun to work with! Reach out to us for a friendly chat to see how we can help your organisation make the most of Open Banking or CoP.
The PSR's guidance report on distinguishing APP scams from civil disputes could help PSPs assess reimbursements claims for payments made via Faster Payments and CHAPS...
Confirmation of Payee’s name verification process reduces the risk of APP fraud. It also can enhance the detection of fraudulent activities by cross-checking account information. Its successful use...
About Us
We are a UK based Fintech specialising in Payments innovation. Our team is a bunch of enthusiastic people interested in helping banks and institutions make the most of PSD2, Open Banking and fraud prevention solutions such as Confirmation of Payee (CoP).
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