Andaria and tell.money have entered into a strategic partnership to facilitate the deployment of Payee Verification solutions across Europe.
This collaboration underscores both companies’ dedication to fostering a secure, transparent, and reliable payments environment.
With heightened regulatory scrutiny and advancing implementation timelines, Andaria and tell.money are poised to offer a compliant and forward-looking approach to payee verification for the United Kingdom and European Union markets. Their focus remains on addressing the evolving needs of their clients and users while staying aligned with industry regulations.
Details about the Partnership
According to an official statement, as there is a rising demand for coordinated efforts in payee verification across Europe, Payee Verification (VoP) is becoming pivotal in combating fraud and enhancing trust in digital payments. Given Andaria’s proven track record of delivering CoP at scale in the UK, it can now take proactive steps towards preparing for VoP’s rollout across the EU.
Additionally, tell.money’s platform, which supports Payment Service Directive 2 (PSD2), Common Identity Framework (CoI), and Payee Verification (VoP) requirements, will enable Andaria to deliver payee verification services with minimal integration challenges. This partnership leverages tell.money’s regulatory-first approach to ensure compliance and robustness.
