Tagged: confirmation of payee

Millions of UK Consumers Now at Risk of Fraud after “Ignoring” Bank Payment Warnings: Report

Pick Pocket Theft Steal Crook Criminal Fraud

Millions of UK bank account holders are “putting themselves at a much greater risk” of fraud by ignoring warnings provided by the Confirmation of Payee (CoP) service. This, according to research by Lloyds Bank. When sending funds online to someone that hasn’t been paid before,… Read More

Fintech SurePay, a Rabobank Spin Off, Secures €12.2M via Round led by Connected Capital

robert anasch euro unsplash scaled

SurePay, a Rabobank spin off that offers Confirmation of Payee (CoP) in the United Kingdom and Benelux, has secured €12.2 million through a round that was led by Connected Capital with Iris Capital also joining Rabo Frontier Ventures in the fundraise in order to support the… Read More

New Service by Revolut Provides Anti-Fraud Feature in Partnership with Modulr

Revolut on Mac 2

Digital bank Revolut has announced a new service: Confirmation of Payee – available to over 3 million UK customers. The feature is part of Pay.UK’s anti-fraud initiative, according to a release. The feature has been enabled by its payments partner Modulr, one of the few… Read More

UK Fintech Modulr Reportedly Becomes First Non-bank or Building Society to Join Confirmation of Payee Service

Burghers of Calais outside the Houses of Parliament London UK

Earlier this week, Modulr reportedly became the very first non-bank or building society to join the Confirmation of Payee service, which allows people to check whether the payment details they’ve provided for an individual or company match the details that are held by the recipient’s… Read More

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