Further participation in Confirmation of Payee

Issue 357 | 7 July 2022

The Payment System Regulator (PSR) are consulting on their proposed next steps on delivering Confirmation of Payee – a consultation that will see around 400 more firms introduce the payment protection measure.

This essential fraud protection service will increase coverage from 92% of transactions made via Faster Payments (FPS) and CHAPS to 99% worth appr…