Rabobank introduces IBAN Name Check — Rabobank — “’The IBAN Name Check allows customers to check the name of the beneficiary before the transfer is executed,’ says Alexander Zwart, manager online access at Rabobank. ‘If the entered name differs from the registered account holder, the user can cancel the transfer. Or they receive a warning that the account number doesn’t belong to a company but a private individual. This makes online and mobile banking even easier and safer.’”
Six Dutch banks including ABN Amro, ASN Bank, ING, Rabobank, Regiobank and SNS have announced their intention to launch Payconiq in the Netherlands this summer. Payconiq is a common mobile payment platform that lets customers make P2P payments as well as pay in-store and online and has been successfully piloted and launched in Belgium with support from ING, KBC and Belfius banks. More
Consumers will be able to make peer-to-peer (P2P) mobile payments across Europe using only the payee’s mobile phone number which will act as proxy for their international bank account number (IBAN) by the end of 2017, the European Central Bank (ECB) has revealed... More
The European Central Bank is working on a system that would let consumers transfer money to each other based on a phone number or email address... More
Payment processor SIA has launched a peer-to-peer payments service that lets users send and receive money in real-time with their smartphone... More
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