Anti-fraud tool Confirmation of Payee expanded to hundreds of more firms

News Financial services General Updates

Date: 30th Oct, 2024 Source: Payment Systems Regulator (PSR) Country: United Kingdom Original Source

Brief

On 30/10/2024, the Payment Systems Regulator (PSR) issued an update regarding Anti-fraud tool Confirmation of Payee expanded to hundreds of more firms. Over 99% of transactions made through Faster Payments and CHAPS are now safeguarded by this vital anti-fraud measure.

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Payment Systems Regulator (PSR)

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Anti-fraud tool Confirmation of Payee expanded to hundreds of more firms

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Anti-fraud tool Confirmation of Payee expanded to hundreds of more firms

Brief

Payment Systems Regulator (PSR)

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