Modulr: Becomes first non-bank to launch Confirmation of Payee

  • Modulr is the Payments as a Service API platform for digital businesses. It integrates into any product or system
  • Modulr is the first non-bank or building society to join the Confirmation of Payee service
  • Confirmation of Payee allows users to check if the payment details they’ve entered for a person or business match the details held by the recipient’s bank
  • Provides reassurance that payments sent to the right recipient and protects Modulr customers
  • The feature provides an extra layer of defence to protect Modulr’s customers from malicious redirect payment fraud
  • Modulr, an authorised electronic money institution, is the first non-bank or building society to join Confirmation of Payee
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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