P20: Publishes payee verification report
- Publishes Analysis of Global Payee Verification Approaches Ahead of Global Payments Conference in September
- This interim report from P20’s Regulation Working Group which focuses on Criminal Transactions
- Fraud examines the early approaches used to reduce authorized push payment (APP) fraud
- Report discussed at P20’s upcoming virtual fourth Global Payments Conference on September 29-30
- P20 in a unique position to conduct a review of payee verification methods given its global remit
- Early P20 findings suggest the adoption of Payee Institution Verification better suited to markets composed of limited numbers of banks
