Using the best Confirmation of Payee algorithm is the only way for PSPs to avoid immense losses due to APP Fraud liability

Issue 484 | 12 May 2023

Today’s Payments:Unpacked is brought to you by SurePay.

With the new regulatory plans, the role and financial responsibility of Payment Service Providers (PSPs) will change. It will become increasingly important that PSPs use a Confirmation of Payee tool with the very best and most reliable algorithm. As PSPs will be liable for fraud losses, this is the …