Paypoint (GB:PAY) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
PayPoint’s Open Banking technology arm, obconnect, has been selected by the New Zealand Banking Association to implement the Confirmation of Payee system, enhancing secure payments across major banks in New Zealand. The service, starting from November 2024, will provide customers with the ability to verify account details before transactions, thereby reducing errors and fraud. This move comes on the heels of PayPoint’s strategic investment in obconnect, indicating an expansion of their influence in the Open Banking sector.
For further insights into GB:PAY stock, check out TipRanks’ Stock Analysis page.
