Safer payments need service ubiquity

Issue 400 | 28 October 2022

Oct 28, 2022

∙ Paid

Safer payments need service ubiquity

The Payment Systems Regulator (PSR) is directing around 400 payment service providers (PSPs) to implement a system to offer the Confirmation of Payee (CoP) name checking service to their customers (both as payers and payees). This will help to reduce authorised push payment (APP) fraud and accidentally misdirected pay…

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