Confirmation of Payee: It’s Time to Act
The latest direction from the Payment Systems Regulator (PSR) should come as no surprise to the Financial Services industry in their effort to combat the crippling Authorised Push Payment (APP) fraud in the UK.
The clock is now ticking with published deadlines of October 2023/24 for the pool of 400 financial institutions mandated by the PSR.
In the next of our insight series on Confirmation of Payee, we will walk through all the key industry updates on this topic and most importantly, you can hear from our panel of experts covering the following topics:
Understanding the new mandates from the PSR and how this impacts you
What you need to do exactly to comply and meet the deadlines
How Bottomline can help with the project