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TZUNTIL:20251102T060000Z
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DESCRIPTION:Watch the session\n\nFriction in payments is costing the indust
 ry more than $2 billion every year\, affecting over 700 million transactio
 ns. Much of this is the result of errors that could be avoided through pre
 -validation. This includes incorrect or incomplete beneficiary or originat
 or details\, and formatting errors on the structure and construct of payme
 nts required by different market rules and regulations.\n\nDomestic Confir
 mation of Payee (CoP) schemes have emerged as an effective form of pre-val
 idation to minimise the number of misdirected payments on the country leve
 l. But fragmentation between local schemes makes it difficult to interoper
 ate and provide cross-border account coverage. Data privacy concerns and t
 he complexity and costs associated with integrating with multiple schemes 
 is also a barrier to global adoption. The good news: several measures can 
 be taken to build on what’s already available today to address this fragme
 ntation gap.\n\nJoin us to learn more about what these are and how Confirm
 ation of Payee schemes can be leveraged to reduce friction in cross-border
  payments too.\n\n&nbsp\;
DTSTART;TZID=America/Toronto:20230921T090000
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LOCATION:
SUMMARY:Cross-border Confirmation of Payee: Taking local pre-validation glo
 bal
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