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 cases have also proven it to be very effective in combating certain types of APP fraud, such as Invoice Fraud.
Podcast with Nilixa Devlukia - presented by TechnoXander.
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.
With open banking paving the way there is a future of a more efficient, consumer-friendly financial ecosystem.
Podcast with Ruwani Hewa - presented by TechnoXander.
Podcast with Marie Walker - presented by TechnoXander.
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 […]
Podcast with Martin Koderisch - presented by TechnoXander.
Podcast with Charlotte Crosswell OBE - presented by TechnoXander.
Podcast with Ghela Boskovich - presented by TechnoXander.