Paynetics chooses tell.money for Confirmation of Payee service

By Gloria Methri

Paynetics, a provider of embedded finance services has partnered with tell.money to implement the Confirmation of Payee (CoP) service. The collaboration enables Paynetics to take advantage of the tell.money CoP service, allowing partners to embed financial services while staying entirely CoP covered with minimal effort.

tell.money offers partners an easy and integrated way to comply with CoP regulations, providing detailed guidelines and testing suites to ensure compliance. This seamless integration enables greater control over fraud detection, ensuring secure and reliable transactions with minimal effort.

Paynetics will benefit from the CoP service provided by tell.money, gaining enhanced security and compliance capabilities that will enable them to offer top-notch, compliant and precise services to their customers.

“At Paynetics, the commitment to providing partners with best-in-class embedded finance services is unwavering. The collaboration with tell.money on the implementation of CoP is a testament to the dedication to innovation and compliance. With this partnership, our partners will be able to embed financial services seamlessly while staying fully CoP covered,” said Valeri Valtchev, Paynetics CEO.

“We are delighted to be working with Paynetics to deliver Confirmation of Payee and drive the open ecosystem. CoP is not just a regulatory requirement and a vital element in the toolkit of payment and fraud protection; it is also an important step on the journey towards a more open ecosystem in which innovation creates change for the better. To that end, we are proud to have been selected by Paynetics and we look forward to working with the team now and into the future,” said David Monty, founder of tell.money.