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Revolut: Launches Confirmation of Payee in the UK | Fintech InShorts: Latest fintech news, analysis by experts

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Revolut: Launches Confirmation of Payee in the UK

By Laura M

January 15, 2021

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