Secure and simple instant payments

The path to a unified Confirmation of Payee solution

Instant payments have something for everyone. Customers like convenience. Banks benefit by attracting customers. And scammers love the cracks in security that allow them to steal millions every year.

Organizations are rapidly rolling out instant payment systems across the globe. However, this emerging technology demands extensive regulatory updates before it can be considered fully secure.

How should financial institutions address this growing concern? One of the most effective solutions is the introduction of Confirmation of Payee (CoP) checks. In fact, a majority of banking leaders have already started implementing this strategy. Introducing a global CoP platform can enhance security, customer trust, and speed.

Financial institutions should be ready for more universal solutions to replace the checkerboard landscape of the present. A Central Orchestration Platform model offers a promising solution, providing smoother, more reliable, and secure payment processes.

Explore this topic in our latest article and start shaping your bank’s vision for instant payments’ security.