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UC003 Banking Customer Details/Confirmation of Payee

UC003 Banking Customer Details/Confirmation of Payee

Owned by Chris Michael
Last updated: 13 Sept 2024 by Rajeev Walia
1 min read

ID

UC003

Use Case

Banking Customer Details

Description

Name checking service for payments which provides customers (both personal and business) greater assurance that they are sending payments to the intended recipient.

Includes: Confirmation of Payee; Payment Status

Benefits

Certainty of payment destination; provides confidence in completion of payment allowing for the disbursement of goods and services.

Industry

Banking

Category

Service Initiation

Consumer

SME

Corporate

API Functionality

  • POST /discovery

  • POST /confirmation

Benchmarking

Location

Type of Use Case

Reference Players

Location

Type of Use Case

Reference Players

UK

Mandatory - implemented

Monzo, HSBC, Starling Bank

Brazil

N/A

PIX

Other locations

N/A

N/A

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