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The UK came up with a practical solution to implement confirmation of payee. You need to enter the account holder name and select personal or business (with la
by hocuspocus 4y ago
The UK came up with a practical solution to implement confirmation of payee.
You need to enter the account holder name and select personal or business (with laxer rules for the latter, I assume). The API returns perfect match or partial match (actual holder name) and allows you to proceed, or no match.
A paper form means there's a human who enters the data at some point, no?
- DocTomoe 4y agoHm, given how many of these forms are sent around, I would expect most of them getting scanned and OCRd, with a fallback should checksums no longer match.