Sofia, Bulgaria – September – Paynetics, a leading provider of embedded finance services, is pleased to announce a strategic partnership with tell.money to implement the Confirmation of Payee (CoP) service. The collaboration ensures that Paynetics will take advantage of tell.money CoP service, allowing partners to embed financial services while staying fully CoP covered with minimal effort.

tell.money offers an easy and integrated way for partners to comply with CoP regulations, providing detailed guidelines and testing suites to ensure compliance. This seamless integration enables greater control over fraud detection, ensuring secure and reliable transactions with minimal effort. Paynetics will benefit from the CoP service provided by tell.money, gaining enhanced security and compliance capabilities enabling them to offer top-notch compliant and precise services to their customers.

“At Paynetics, the commitment to providing partners with best-in-class embedded finance services is unwavering. The collaboration with tell.money on the implementation of CoP is a testament to the dedication to innovation and compliance. With this partnership, our partners will be able to embed financial services seamlessly while staying fully CoP covered,” said Valeri Valtchev, Paynetics CEO.

“We are delighted to be working with Paynetics to deliver Confirmation of Payee and drive the open ecosystem. CoP is not just a regulatory requirement and a vital element in the toolkit of payment and fraud protection, it is also an important step on the journey towards a more open ecosystem in which innovation creates change for the better. To that end, we are proud to have been selected by Paynetics and we look forward to working with the team now and into the future.” David Monty, founder of tell.money.

About Paynetics

Paynetics is a leading provider of embedded finance solutions, enabling businesses to seamlessly integrate payments within their products. We are dual-regulated in the EU and the UK and are principal members of Mastercard, VISA, UnionPay International, SWIFT and SEPA. Paynetics offers comprehensive embedded finance solutions to its B2B and B2B2C customers safely in one place, including card acceptance and issuance, payment accounts and transfers, delivered through APIs, SDKs or full-service white labels. Our award-winning technology makes Paynetics easy to work with while offering some of the most sophisticated digital solutions based upon tokenization such as Apple Pay and Google Pay. Please find more information about Paynetics at https://www.paynetics.digital or on LinkedIn and X @PayneticsAD.

About tell.money

tell.money is a market-leading open banking SaaS platform, enabling account providers to join the ecosystem, meet their regulatory obligations and bring new open banking tools to their customers. With a wide product range including Dedicated Interface APIs, Confirmation of Payee, Test & Monitoring alongside some exciting money management tools, tell.money is the open banking partner of choice for the fintech industry. By working with banks and fintechs alike, our mission is to make financial technology a force for good by enabling a truly open ecosystem that helps our customers and partners leverage the power of open banking and payments innovation. For more information about tell.money visit https://www.tell.money.

Notes to Editors

Media contacts:

For tell.money

David Monty, Co-Founder

Tel: 44 (0)20 3143 0207

Email: david@tell.money

 

For Paynetics

For media enquiries, please contact paynetics@hardnumbers.co.uk

 

Press Contacts

David Monty

Co-Founder

44 (0)20 3143 0207

david@tell.money

 

Jade Tan

jade@tell.money