Fraudsters have been capitalising increasingly on cross-border payments as the world grapples with an explosion in e-commerce and a huge reduction in cash usage. To address this issue, SurePay partnered with SEPAMail.eu and StreamMind to launch the first cross-border Confirmation of Payee solution. This service enables companies and banks to check that the account information entered matches the intended beneficiary when initiating cross-border payments between France and the Netherlands and marks an important first step towards a pan-European solution in the fight against fraud.
Cross-Border Payments with SEPAMail.eu and StreamMind
Entered in: Cross-Border Payments