CDO and Confirmation of Payee: Difference between pages
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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. | |||
== See also == | == See also == | ||
* [[ | *[[APP fraud]] | ||
* [[ | *[[Financial Conduct Authority]] (FCA) | ||
* [[ | * [[Immediate payments and the impact on corporate treasurers]] | ||
* [[ | * [[Infrastructure]] | ||
* [[ | * [[Payment service provider]] (PSP) | ||
* [[Payment system]] | |||
* [[Payment Systems Regulator]] (PSR) | |||
* [[PSD2]] | |||
* [[Request to Pay]] | |||
* [[Secondary reference data]] (SRD) | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Manage_risks]] | |||
[[Category:Risk_frameworks]] | |||
[[Category:Cash_management]] | |||
[[Category:Financial_products_and_markets]] | |||
[[Category:Liquidity_management]] | |||
[[Category:Technology]] | |||
Revision as of 13:50, 13 June 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.
