Thursday, February 25, 2021

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Revolut: Launches Confirmation of Payee in the UK

  • Revolut announced the launch of Confirmation of Payee for its more than three million UK retail customers
  • This latest feature forms part of Pay.UK’s anti-fraud initiative and further bolsters Revolut’s already award-winning anti-fraud features
  • Confirmation of Payee give Revolut’s customers greater confidence that their payments going to the right recipient
  • The new feature automatically checks that the recipient name and account details match the information held by the recipient’s bank
  • The new feature helps to protect customers against Authorised Push Payment (APP) fraud
  • Revolut sharing guidance with customers on how to spot scams and keep their money protected from fraudsters

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