Paynetics, a leading embedded finance service provider, has announced a strategic partnership with tell.money to implement the Confirmation of Payee (CoP) service. This collaboration will allow Paynetics to leverage tell.money’s CoP solution, enabling their partners to integrate financial services seamlessly while ensuring full CoP compliance with minimal effort.
tell.money provides an easy-to-use, integrated platform for partners to comply with CoP regulations, offering comprehensive guidelines and testing tools to ensure compliance. The partnership enhances fraud detection capabilities, ensuring secure and reliable transactions with minimal complexity. Paynetics will benefit from tell.money’s CoP service, improving security and compliance and allowing them to deliver precise, fully compliant services to their customers.
“At Paynetics, we remain committed to providing our partners with industry-leading embedded finance solutions. The partnership with tell.money for CoP implementation reflects our dedication to innovation and regulatory compliance. This collaboration ensures that our partners can integrate financial services effortlessly while remaining fully CoP-compliant,” said Valeri Valtchev, CEO of Paynetics.
David Monty, founder of tell.money, added, “We are excited to work with Paynetics to deliver Confirmation of Payee and promote the open ecosystem. CoP is not only a regulatory requirement and a key tool for fraud protection, but also a crucial step towards a more open financial ecosystem driven by innovation. We are proud to partner with Paynetics and look forward to continued collaboration.”