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Fintech company expands payment business in the UK with real-time transactions and dual security verification.
[Coin World] On June 29, a fintech provider announced a partnership with a real-time clearing and embedded banking services promoter, aiming to expand its payment services in the UK and enhance corporate security. Through this collaboration, the fintech provider offers businesses seamless access to major UK payment schemes, including Faster Payments, BAC, and CHAPS, supporting real-time transactions in British pounds (GBP). The integration of Confirmation of Payee (CoP) functionality verifies the recipient's account information before funds are transferred, ensuring safer payments.