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fscom: Authorised Push Payments – Confirmation of Payee

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fscom: Authorised Push Payments - Confirmation of Payee

Firing off an email to the wrong recipient can be embarrassing however sending funds to the wrong beneficiary is not only negligent but can also be costly. With £350 million worth of payments misdirected in 2018 alone and £145 million each year going unrecovered; the benefit of implementing a system to check the name on the account as a way of decreasing the volume is clear.

Read Alison Donnelly’s blog on fascom’s website

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