NZ's Confirmation of Payee account-checking technology poised for wider rollout

NZ's Confirmation of Payee account-checking technology poised for wider rollout
Verification technology provides a bulwark against financial crime. (Image: supplied)
Andy Macdonald
More than 60 million initial transactions have been made by Kiwis using Confirmation of Payee technology in its first 12 months of operation, a number broadly akin to the population of Italy.The technology is now poised to be rolled out even more widely within New Zealand, and perhaps even internationally, providing further bulwark for Kiwis against digital financial crooks.Of the 60 million transactions to November this year, GetVerified chief executive Duncan Robertson said these represented only those counted at the point of initial verifica...

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