Episode 8: Going Beyond Open Banking
Podcast with Nilixa Devlukia - presented by TechnoXander.
New Labour Govt May Pause APP Reimbursement Policy!
The UK’s Payment Systems Regulators (PSR) are stepping to the plate to protect citizens and businesses, having introduced the new rules that will require banks and payment service providers (PSPs) to reimburse victims of Authorised Push Payment (APP) fraud up to £415,000, starting on October 7, 2024, incentivising industry investment in fraud prevention and improving customer protection.
COP TF’s Role in the VOP Scheme Management
The Verification of Payee (VOP) Scheme plays a role, in ensuring that payments reach the intended recipients accurately thus minimizing the potential, for fraud and mistakes. Overseen by the European Payments Council (EPC) AISBL the VOP Scheme Management follows an approach to uphold its reliability and flexibility.
Unveiling Finance: Open Banking Use Cases
With open banking paving the way there is a future of a more efficient, consumer-friendly financial ecosystem.
Episode 7: Ruwani Hewa Talks Open Banking
Podcast with Ruwani Hewa - presented by TechnoXander.
5+ Obligations for VOP Service Providers
All PSPs registered under the VOP scheme must follow the set of rules and guidelines laid out in the VOP Scheme Rulebook by the European Payment Council.
Verification of Payee (VOP) Guidelines
The VoP Scheme establishes a set of rules, practices and standards for verification of payee name.
Episode 6: Open Finance & Transforming Banking
Podcast with Marie Walker - presented by TechnoXander.
Unveiling Finance- Navigating Open Finance in 2024
Open Finance is a portal to a monumental change in the financial services industry. It builds on the success of Open Banking where access to banking data is granted to Third-Party service providers through an API. It is access to financial data beyond just banking.
Verification of Payee (VoP) in 2024 – How it works?
In an age where digitisation is taking over, better security and accuracy of financial transactions is a must. To address the modern cybersecurity measures in financial domain, the European government has released its Verification of Payee (VoP) guidelines to revolutionise the banking system across Europe. Here’s how VoP could be changing things for financial and safety […]