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Tag: Confirmation of Payee
02.09.26
Scam Losses Are Falling — and Confirmation of Payee Is About to Make Them Fall Faster
Australia's banks are spending $100 million to check the name before your money leaves. Paired with the first sustained drop in scam losses, it marks a turning point in how the country fights payment fraud.
GuidesRead ↗
02.08.26
Half a Million Payments Were Abandoned. Confirmation of Payee Is Doing Its Job
One bank saw 500,000 payments abandoned after confirmation-of-payee checks. Friction is not automatically failure when the alternative is an irreversible mistake.
News & AnalysisRead ↗