VoP delays: the fraud risks banks can’t ignore

As Europe’s shift to instant account-to-account payments accelerates, the pressure on financial institutions to implement robust fraud safeguards is mounting. Movitz Payments CEO and founder Magnus Hedenberg, who recently spoke to Tieto, warns that delaying Verification of Payee (VoP) is no longer a viable strategy, and the consequences of inaction are both measurable and severe. […]

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