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) |
imported>Doug Williamson (Typo correction - 'Systems'.) |
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| Line 1: | Line 1: | ||
1. ''UK financial regulation - Payment | 1. ''UK financial regulation - Payment Systems Regulator (PSR).'' | ||
(CoP). | (CoP). | ||
| Line 15: | Line 15: | ||
== See also == | == See also == | ||
*[[APP fraud]] | *[[APP fraud]] | ||
*[[Financial Conduct Authority]] | *[[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]] | ||
Revision as of 13:41, 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.
