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confirmation of pay is emerging as a powerful tool in the fight against fraud but what is confirmation of pay how does it work and what impact is it having I am pratia Pak and in the next 100 seconds Iamp;#39;ll be exploring the rise of confirmation of pay services so far every Major Market that has introduced an instant payment scheme has seen a spike in fraud so the payment industry is fighting back with confirmation of pay and account verification service that lets the PA confirm that the person or business they are transacting with is who they can claim to be so how does it work letamp;#39;s say you are buying concert tickets from an online Marketplace you agree a price with the seller and proceed with the purchase once you initiate the payment your bank will send a request to the selleramp;#39;s Bank to check the Account Details match if thereamp;#39;s a difference in the name or account number you can amend the details and resend continue with the transaction or cance
