Confirmation of Payee: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Typo correction - 'Systems'.) |
(Improve linking.) |
||
| (2 intermediate revisions by one other user not shown) | |||
| Line 15: | Line 15: | ||
== See also == | == See also == | ||
*[[APP fraud]] | *[[APP fraud]] | ||
*[[Faster Payments]] | |||
*[[Financial Conduct Authority]] (FCA) | *[[Financial Conduct Authority]] (FCA) | ||
* [[Immediate payments and the impact on corporate treasurers]] | * [[Immediate payments and the impact on corporate treasurers]] | ||
| Line 23: | Line 24: | ||
* [[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.
