Paynetics Selects tell.money to Implement Confirmation of Payee (CoP) Service

Paynetics, a leading provider of embedded finance services, partners tell.money to implement the Confirmation of Payee (CoP) service. The collaboration ensures that Paynetics takes advantage of tell.money’s CoP service, allowing partners to embed financial services while staying fully covered with minimal effort.

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

“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.” said Valeri Valtchev, Paynetics CEO.

“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” added David Monty, tell.money founder.

tell.money offers an easy and integrated way for partners 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.