Tag Archives: Confirmation Payee System

UK Finance delays payee ‘name-check’ enforcements

SBC News UK Finance delays payee ‘name-check’ enforcements

UK Finance, the representative trade association for consumer banking and financial transactions, has confirmed that it will not be launching its ‘Confirmation Payee System’  in 2019. This week, Stephen Jones confirmed the delay of the Payee System to the Commons’ Treasury Committee, detailing those banking stakeholders could not ensure the capabilities of their IT frameworks to implement necessary changes. “This is a …

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