Starting October 9th, European #banks will conduct a "Verification Of Payee" (#VOP), e.g. for #SEPA #MoneyTransfers between accounts: The name of the recipient that you type in must be the same as the name registered as the the target account holder.

The verification flow (p.23 of the document) shows an interesting twist, if the name you typed is not fully identical, but a "close match": you'll be notified.

Watching the respective info videos of banks, this is likely going to be a screen dialog: "Did you mean [registered name]?".

Probably a fringe case, but if you have "found" a nondescript IBAN that you suspect belongs to a specific person, you should be able to check that:

Trigger a pseudo money transfer to the IBAN you found, and slightly misspell the name of the suspected account holder. If your guess was right, the "Did you mean [registered name]?" dialog will pop up and confirm the bank account is that of the suspected person.

https://www.europeanpaymentscouncil.eu/document-library/rulebooks/verification-payee-scheme-rulebook

#banking #VerificationOfPayee

Trump’s Scotland Trip QUICKLY BACKFIRES as Protestors TAKE OVER

https://www.youtube.com/watch?v=hCOmN9Str4M #Trump #Epstein #EpsteinFiles #MoneyTransfers #CoverUp

Beware of Money Transfer Scams in 2025! Here’s How to Stay Safe

Scammers are getting smarter, and money transfer fraud is on the rise. Whether it’s fake investment opportunities, impersonation scams, or phishing attacks, falling victim can cost you thousands!

Common scams to watch out for:

https://scholarinfohub.com/what-are-money-transfer-scams-how-to-avoid-them-in-2025/below!

#CyberSecurity #FraudPrevention #MoneyTransfers

Best Currency Exchange Company: Excel Currencies

With over 20 years of expertise, Excel Currencies provides competitive rates and secure, seamless international money transfers. Sign up now and experience the best exchange rates!

https://www.excelcurrencies.com/register-with-us

#moneytransfers #foreignexchange

The Gift of Global Payments: Holiday Trends in Currency Exchange and Money Transfers

As the holiday season approaches, Excel Currencies helps you navigate the surge in money transfers and foreign exchange. This infographic explores key trends, from fluctuating exchange rates to faster transfers, ensuring you get the best deals. Learn how to save on fees and make secure international payments with Excel Currencies this festive season.

https://www.excelcurrencies.com/contact-us
#moneytransfers #foreignexchange

Send money instantly online with the cloud-based platform Zil.US. Enjoy fast ACH, wire transfers, and affordable international payments. Try it today!

Learn more: https://zil.us/send-money-online-instantly/

#SendMoneyInstantly #MoneyTransfers #BusinessPayments #ACH #WireTransfers

#USA #Surveillance #MoneyTransfers: “ Hundreds of federal, state and local U.S. law-enforcement agencies have access without court oversight to a database of more than 150 million money transfers between people in the U.S. and in more than 20 countries, according to internal program documents and an investigation by Sen. Ron Wyden.

The database, housed at a little-known nonprofit called the Transaction Record Analysis Center, or TRAC, was set up by the Arizona state attorney general’s office in 2014 as part of a settlement reached with Western Union to combat cross-border trafficking of drugs and people from Mexico. It has since expanded to allow officials of more than 600 law-enforcement entities—from federal agencies such as the Federal Bureau of Investigation, the Drug Enforcement Administration, and Immigration and Customs Enforcement to small-town police departments in nearly every state—to monitor the flow of funds through money services between the U.S. and countries around the world.”

https://www.wsj.com/articles/little-known-surveillance-program-captures-money-transfers-between-u-s-and-more-than-20-countries-11674019904