PwC Strategy&

PwC Strategy& study: IBAN-name checks can increase confidence in instant payments, but are not a universal solution

Munich (ots) - ● Instant payments are becoming more popular in Europe, but at the same time attract fraudsters ● In future, according to draft EU legislation, banks should therefore check before every payment whether the IBAN and account-holder name match ● Banks and payment service providers take a nuanced ...