Verification of Payee: fraud & security
How Verification of Payee stops the fraud that targets payments — APP fraud, CEO and invoice-redirection scams, money mules and misdirected transfers.
11 articles in this topic
Verification of Payee for Insurance Claim Payouts
A settlement sent to the wrong account turns a paid claim into a second loss. Verification of Payee confirms the claimant's account before the insurer pays.
Verification of Payee for Property and Conveyancing Payments
A house deposit sent to the wrong account can be life-changing to lose. Verification of Payee confirms the destination account before high-value property funds move.
Online Purchase Scams: How Verification of Payee Helps
Purchase scams are the most common form of APP fraud by volume. Verification of Payee flags when a 'seller' wants payment to an account in an unrelated name.
Account Takeover vs APP Fraud: Where Verification of Payee Fits
Account takeover and authorised push payment fraud need different defences. Here is where Verification of Payee genuinely helps — and where it does not.
The 'Safe Account' Scam: How Verification of Payee Exposes It
In the 'safe account' scam, a fraudster posing as your bank tells you to move money to protect it. Verification of Payee reveals that the account belongs to someone else entirely.
Investment and Crypto Scams: How Verification of Payee Helps
Fake investment and crypto schemes convince victims to 'fund their account' by transferring money to a stranger. Verification of Payee exposes the mismatch behind the IBAN.
Romance Scams: How Verification of Payee Adds a Pause
Romance scams manipulate victims into sending money to someone they trust but have never met. Verification of Payee introduces a crucial moment of doubt at the point of transfer.
How Verification of Payee Stops Invoice Redirection Fraud
Invoice redirection fraud is one of the costliest scams hitting businesses. Verification of Payee checks the name behind the IBAN before money leaves, catching swapped bank details.
How Verification of Payee Helps Fight Money Mule Accounts
Money mules move stolen funds through accounts that don't match the expected payee. Here's how a name-vs-IBAN check makes mule networks harder to operate.
CEO Fraud and Fake Supplier Invoices: How to Stop the IBAN Swap
The most expensive business scams don't hack your systems — they change one IBAN on a real invoice or email. Here's how Verification of Payee exposes the swap before money moves.
APP Fraud in Europe: How Verification of Payee Cuts Losses
Authorised push payment fraud works because the victim approves the payment. See how a name-vs-IBAN check before authorisation breaks invoice-redirection and impersonation scams.
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