IDT Finance, a trusted provider of tailored payment and banking solutions, has announced a new partnership with open banking specialist tell.money. This joint venture will integrate advanced Confirmation of Payee (CoP) services into IDT Finance’s offering, reinforcing its commitment to payment security, regulatory compliance, and supporting both existing and prospective clients.
The addition of CoP strengthens IDT Finance’s offering by providing an essential layer of fraud prevention and transaction assurance. Designed to verify the intended recipient’s account details before a payment is made, CoP is an integral tool for businesses navigating the complexities of modern payment systems. By integrating this service, IDT Finance ensures its clients are equipped with compliant, ready-to-use solutions that meet evolving regulatory standards while mitigating risks.
Rob Darby, head of sales of IDT Finance, commented: “At IDT Finance, we are committed to empowering our clients with tools that not only enhance security but also position them to thrive in a rapidly evolving financial landscape. Our partnership with tell.money underscores our mission to grow together with our partners, delivering solutions that are both innovative and reliable. The addition of Confirmation of Payee strengthens our capabilities by creating a seamless, secure payment experience for businesses and consumers alike, reflecting our proactive approach to addressing evolving client needs.”
The integration with tell.money builds on IDT Finance’s robust partnership with ClearBank, a technology-driven bank that focuses on creating a sustainable banking and payment infrastructure. ClearBank’s faster payments capabilities enhance IDT Finance’s ability to deliver cutting-edge solutions that address diverse client requirements. Together, these partnerships strengthen IDT Finance’s position as a trusted provider of secure and innovative payment and banking services.
Rob France, chief commercial officer of tell.money, added:
“We are thrilled to partner with IDT Finance, a trusted provider in the payments sector. Confirmation of Payee is just the beginning of a long-term, impactful relationship. Our shared mission is to provide businesses with innovative open banking tools, empowering them to meet regulatory challenges and embrace new opportunities in the fintech space.”
This new capability builds on IDT Finance’s reputation for delivering tailored payment and banking solutions, including BIN sponsorship, prepaid and debit card programs, and digital payment innovations. By partnering with tell.money, IDT Finance is poised to deliver a pipeline of open banking tools that will drive growth and compliance for its clients in an ever-evolving regulatory landscape.
For more information, visit www.idtfinance.com and www.tell.money
ENDS
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IDT Financial Services Limited is part of the IDT Corporation Group of International Companies headquartered in the US (NYSE: IDT). Its cards are issued pursuant to license by Mastercard International and Visa Europe. Mastercard and the Mastercard Brand Mark are registered trademarks of Mastercard International. IDT Financial Services Limited is a regulated bank, licensed by the Gibraltar Financial Services Commission (GFSC). Registered Office: 57-63 Line Wall Road, Gibraltar. Registered No: 95716
tell.money is a pioneering open banking SaaS platform, providing financial institutions and TPPs with innovative tools such as Dedicated Interface APIs, Confirmation of Payee, and regulatory monitoring solutions. With a focus on compliance and user experience, tell.money enables organisations to thrive in the open banking ecosystem. For more information, visit www.tell.money
IDT Finance has partnered with Tell Money, a recognized leader in account name verification, to provide an established solution for its clients that ensures minimal technical effort and includes end to support for Confirmation of Payee services.
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