So for those of you with the slides and, on slide three, really what is Confirmation of Payee. The agenda for today just covers a few topics that relevant for this initiative, so I broadly want to cover what confirmation of payee is, why it’s being implemented and how does confirmation of payee complement our security model, and, what are the timeframes that we’re working towards, how we are actually delivering this initiative, and really, what are the benefits and implications for you and for your business.Īnd some (information) what’s next and where you can find further information, and, as David said, then we’ll move into some questions and answers to give you the opportunity to raise any queries that you may have. And good afternoon, everyone, and so today I’m going to be talking about Confirmation of Payee, as David said. So on that note, I’m going to firstly hand over to Katherine. The call today is going to last 30 minutes after which there will be time for 15 minutes of Q&A. And the second colleague is (Shameet Shah) from our (board) initial team. The first is Katherine Moore, from our global payment solution’s team. I will be joined today by two colleagues by Barclays corporate. The key thing for us, as Barclays, is making sure that, along with the rest of the industry, we’re actually safeguarding that of our clients and, of course, aiming to reduce that (overall level of further expecting to see). The one thing I would say about this industry initiative, which is Confirmation of Payee, has, obviously, been a long-time coming.Ĭlearly, one of the primary objectives of Confirmation of Payee is to reduce the instances of misdirected payments that are associated with APP fraud, so authorized push payment fraud, which is otherwise known as, impersonation or CEO fraud. So I’m Dave Shinkins, I’m the global head of cash management service for Barclays Corporate Bank, and firstly, a huge thank you to all of you for joining today on what is on what is actually an exceptionally interesting topic, I know, for all of our clients, which is, as we said earlier, a Confirmation of Payee.īefore we go to the introduction, though, for those of you that are in front of your computers, we do have some slides available for you, so I would suggest if you want to follow along as we’re talking through the presentation, please visit, /confirmation-of-payee, and the same section that you would have clicked through to register for this call, you’ll find a link entitled “presentation slides,” so I’m just going to send that link again, for those of you that have that, so it’s So, I think, as I mentioned earlier, thank you very much for joining the call in honestly what is, at the moment quite a – quite a period of uncertainty (particularly) – particularly, in the U.K. David Shinkins: Great, thank you very much.
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