Source: IDT Finance
IDT Finance, a trusted provider of tailored payment and banking solutions, has announced a new partnership with Open Banking specialist tell.money. This joint venture will integrate advanced Confirmation of Payee (CoP) services into IDT Finance’s offering, reinforcing its commitment to payment security, regulatory compliance, and supporting both existing and prospective clients.
The addition of CoP strengthens IDT Finance’s offering by providing an essential layer of fraud prevention and transaction assurance. Designed to verify the intended recipient’s account details before a payment is made, CoP is an integral tool for businesses navigating the complexities of modern payment systems. By integrating this service, IDT Finance ensures its clients are equipped with compliant, ready-to-use solutions that meet evolving regulatory standards while mitigating risks.
Rob Darby, head of sales at IDT Finance, commented: “At IDT Finance, we are committed to empowering our clients with tools that not only enhance security but also position them to thrive in a rapidly evolving financial landscape.
“Our partnership with tell.money underscores our mission to grow together with our partners, delivering solutions that are both innovative and reliable. The addition of Confirmation of Payee strengthens our capabilities by creating a seamless, secure payment experience for businesses and consumers alike, reflecting our proactive approach to addressing evolving client needs.”
The integration with tell.money builds on IDT Finance’s robust partnership with ClearBank, a technology-driven bank that focuses on creating a sustainable banking and payment infrastructure. ClearBank’s faster payments capabilities enhance IDT Finance’s ability to deliver cutting-edge solutions that address diverse client requirements. Together, these partnerships strengthen IDT Finance’s position as a trusted provider of secure and innovative payment and banking services.
Rob France, chief commercial officer at tell.money, added: “We are thrilled to partner with IDT Finance, a trusted provider in the payments sector. Confirmation of Payee is just the beginning of a long-term, impactful relationship. Our shared mission is to provide businesses with innovative Open Banking tools, empowering them to meet regulatory challenges and embrace new opportunities in the fintech space.”
This new capability builds on IDT Finance’s reputation for delivering tailored payment and banking solutions, including BIN sponsorship, prepaid and debit card programs, and digital payment innovations. By partnering with tell.money, IDT Finance is poised to deliver a pipeline of Open Banking tools that will drive growth and compliance for its clients in an ever-evolving regulatory landscape.
Further reading: Monavate partners with tell.money to strengthen CoP and expand Open Banking capabilities
