Confirmation of Payee: Difference between revisions
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imported>Doug Williamson (Typo correction - 'Systems'.) |
imported>Doug Williamson (Add link.) |
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== 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]] | ||
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* [[PSD2]] | * [[PSD2]] | ||
* [[Request to Pay]] | * [[Request to Pay]] | ||
* [[Secondary reference data]] (SRD) | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Latest revision as of 11:33, 27 October 2022
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.
