What is Confirmation of Payee?
Confirmation of Payee is an industry-wide service that matches the bank account name entered by a payer, against the account details held by the recipient’s bank, to display a ‘match outcome’ to the payer.
Confirmation of Payee is an industry-wide service that matches the bank account name entered by a payer, against the account details held by the recipient’s bank, to display a ‘match outcome’ to the payer.