Confirmation of Payee Progress and App Fraud Mitigation: Where Are We Now?

This report compares Confirmation of Payee progress and APP fraud mitigation across EMEA, APAC and North America, and features expert commentary from Bottomline and others.

Highlights from the Bottomline experts across the world:

EMEA

The "landscape of payment fraud prevention in the EMEA region is rapidly evolving. Significant strides are being made in the implementation of pre-verification tools like Confirmation of Payee (CoP) and Verification of Payee (VoP)" - Erez Nounou, Product Lead Risk Solutions Bottomline

APAC

Eli Shoshani, head of APAC, Bottomline, calls upon the industry to consider “the implementation of payment verification mechanisms in APAC. The landscape of payment fraud prevention is marked by significant efforts to enhance verification mechanisms, both for domestic and international transactions.

North America

Eric Choltus, Director of Global Product Management, Bottomline says "there is no one-size-fits-all approach to solving this for financial institutions and effective strategies often involve the institutions’ ability to leverage various third-party vendors into a cohesive fraud prevention and payee verification strategy."

Read the report for full details.