Confirmation of payee

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New Zealand banks apply UK tech and experience for roll out of Confirmation of Payee

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New Zealand banks apply UK tech and experience for roll out of Confirmation of Payee

Banks in New Zealand have begun the phased roll out of Confirmation of Payee, using technology supplied by UK fintech obconnect.

Australia moves one step closer to roll out of Confirmation of Payee

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Australia moves one step closer to roll out of Confirmation of Payee

Australian Payments Plus (AP+) and the Australian Banking Association (ABA) have completed the design specs for a new national Confirmation of Payee service, providing another layer of protection against scammers.

CommBank halves customer scam losses

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CommBank halves customer scam losses

Australia's Commonwealth Bank says it has cut customer scam losses in half in FY24 through a combination of new anti-scam technologies, cross-industry collaborations and customer education.

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