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

September 2, 2020

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