Bottomline and Pay.UK Team on Fraud Prevention
Payments FinTech Bottomline has teamed with Pay.UK to help companies prevent fraud.
The collaboration, announced Monday (July 17), sees Pay.UK — the recognized standards body for the U.K.’s national retail payment schemes — launching its Payer Name Verification service via Bottomline Payment Services.
According to a news release, this will give businesses more assurance that payments are being collected from the named account holder when processing direct debits.
