This week The Guardian reported on a bit of Confirmation of Payee payment friction. A reader’s problem was explained as “spelling out the problems as banks’ name-checker rejects vital payments”. I have been unable to receive a payment I am owed because automated messages repeatedly inform the sender that the payee’s name doesn’t match the name on my account. MdW, […]
I have been unable to receive a payment I am owed because automated messages repeatedly inform the sender that the payee’s name doesn’t match the name on my account.
MdW, Reading
Read The Guardian’s readers problem: Spelling out the problem as bank’s name-checker rejects vital payments.
Don’t forget when someone is paying you, make sure that you give them your full name (as recorded on your bank account) as well as your Sort Code and Account Number
A bit of background on Confirmation of Payee:
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Focussed on the changing payments landscape in the UK, using social media to share payment insights. Previously Bacs’ CEO. http://www.northeypoint.co.uk
