Paynetics, a prominent embedded finance service provider, has teamed up with tell.money to integrate the Confirmation of Payee (CoP) service.
The collaboration aims to leverage tell.money’s robust CoP service, thereby allowing partners to seamlessly incorporate financial services while ensuring comprehensive compliance and security coverage with minimal effort.
Paynetics is known for its comprehensive embedded finance solutions that enable businesses to effortlessly integrate payments within their products. They are dual-regulated in the EU and the UK and hold principal memberships with major financial networks such as Mastercard, VISA, UnionPay International, SWIFT, and SEPA. Their services include card acceptance and issuance, payment accounts, and transfers, all delivered through APIs, SDKs, or full-service white labels.
tell.money provides a streamlined, integrated approach to meeting CoP regulations, offering partners detailed guidelines and testing suites to ensure compliance. Their solutions are designed to enhance control over fraud detection, ensuring transactions are secure and reliable.
Valeri Valtchev, Paynetics CEO, said, “At Paynetics, the commitment to providing partners with best-in-class embedded finance services is unwavering. The collaboration with tell.money on implementing 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.”
David Monty, tell.money founder, said, “We are delighted to work with Paynetics to deliver CoP and drive the open ecosystem. CoP is not just a regulatory requirement and a vital element in the payment toolkit 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.”
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