All the updated news related to confirmation of payee

All the news related to confirmation of payee updated in real time

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Personal Finance

Some people ‘ignoring crucial name-check warnings when making bank transfers’

Around one in 12 (8%) people have pressed ahead with a bank transfer even when the payee account name and number do not exactly match, a survey has found. Doing so could put them at risk of sending the money to a stranger’s account by mistake or to ...

29 Mar 2022 at 01:25

Personal Finance

Service to help prevent payments being misdirected notches up two billion checks

A name-matching service which helps to stop people mistakenly sending payments to the wrong person or a scammer has reached the milestone of two billion checks having been carried out, according to payments operator Pay.UK. Confirmation of Payee ...

08 Apr 2024 at 11:29

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