Payments Archives - Technoxander

Unlocking Financial Data: An Introduction to the FIDA Framework

Get all the details of FIDA (Financial Data) framework and understand its importance across the entire European Union in 2025.

TechnoXander Joins UK Government’s G-Cloud 14 Framework for CoP

TechnoXander joins G-Cloud 14 framework by the UK government to provide cutting-edge Confirmation of Payee services across the country.

Why Payment Delays in the UK Won’t Happen in Europe?

Check out the reasons for payment delays in the UK affecting Instant Payment guidelines and see if we can encounter the same in the Europe.

How we Meet the EPC Verification of Payee (VoP) Guidelines?

Check how we address and exceed all the Verification of Payee (VoP) guidelines given by the European Payments Council (EPC).

APP Scams Vs Civil Disputes: Navigating the Grey Area

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.

10+ Benefits of CoP Implementation in 2024!

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.

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.