Tag: Confirmation of Payee
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AccessPay launches Confirmation of Payee and Sanctions Screening
AccessPay, a leading provider of secure corporate payment and cash management solutions, has announced the introduction of two important features, Confirmation of Payee and Sanctions Screening, to their comprehensive platform. Confirmation of Payee is a new security measure implemented by AccessPay to help protect businesses and individuals from fraud and errors. This feature ensures that…
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Clear Junction launches Confirmation of Payee to fight APP fraud
Clear Junction, a leading provider of payment infrastructure solutions, has announced the launch of its new feature called Confirmation of Payee that aims to combat authorized push payment (APP) fraud. APP fraud, also known as bank transfer scams, has become a significant concern for individuals, businesses, and banks. In 2020 alone, losses due to APP…