PSR and PSD3

Payee Verification in EU Payments: Useful Safeguard, Limited Solution

Verification of Payee is one of the most praised anti-fraud tools in EU payments law. Under Regulation (EU) 2024/886 (IPR – Instant Payment Regulation), payment service providers must offer payers a service that checks whether the payee’s name corresponds to the payment account identifier before a euro credit transfer is

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