Confirmation of Payee: Difference between revisions
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imported>Doug Williamson (Create page. Sources: The Treasurer, December 2019 p29 and PSR webpage https://www.psr.org.uk/sites/default/files/media/PDF/PSR-CP-19-4-CoP-specific-direction-consultation-May-2019.pdf) |
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1. ''UK financial regulation - Payment | 1. ''UK financial regulation - Payment Systems Regulator (PSR).'' | ||
(CoP). | (CoP). | ||
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== See also == | == See also == | ||
*[[APP fraud]] | *[[APP fraud]] | ||
*[[Financial Conduct Authority]] | *[[Faster Payments]] | ||
*[[Financial Conduct Authority]] (FCA) | |||
* [[Immediate payments and the impact on corporate treasurers]] | * [[Immediate payments and the impact on corporate treasurers]] | ||
* [[Infrastructure]] | * [[Infrastructure]] | ||
* [[Payment service provider]] | * [[Payment service provider]] (PSP) | ||
* [[Payment system]] | * [[Payment system]] | ||
* [[Payment Systems Regulator]] | * [[Payment Systems Regulator]] (PSR) | ||
* [[PSD2]] | * [[PSD2]] | ||
* [[Request to Pay]] | * [[Request to Pay]] | ||
* [[Secondary reference data]] (SRD) | |||
* [[Verification of Payee]] (VOP) | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category: | [[Category:Financial_products_and_markets]] | ||
[[Category:Identify_and_assess_risks]] | [[Category:Identify_and_assess_risks]] | ||
[[Category:Manage_risks]] | [[Category:Manage_risks]] | ||
[[Category:Risk_frameworks]] | [[Category:Risk_frameworks]] | ||
[[Category:Technology]] | [[Category:Technology]] | ||
[[Category:The_business_context]] | |||
Latest revision as of 16:49, 2 July 2025
1. UK financial regulation - Payment Systems Regulator (PSR).
(CoP).
Confirmation of Payee is a name-checking service that has been identified by the PSR and payments industry as an important tool to help prevent APP fraud and accidentally misdirected payments.
The service checks whether the name of the account that a payer is sending money to matches the name they have entered.
2.
Similar services in other jurisdictions.
