Payees
Beneficiaries saved against a customer. Adding a payee runs a confirmation-of-payee name check against the registered account holder name for on-platform accounts, and warns on duplicates. A payment may only be released to a payee that exists and is verified; removal is a soft removal, so payment history keeps resolving to the payee it was sent to.
| Payee | Account | Confirmation of payee | State | Actions |
|---|---|---|---|---|
Kepler Cycle GmbH Priya Raman Added 2026-08-19 04:39:32 UTC by Rachel Okafor | GB-1000-0005 On-platform: GB-1000-0005 Routing/sort: 04-00-91 Northbank | Close match 94% Registered holder: Kepler Cycles GmbH | Unverified Payments cannot be released to this payee until it is verified. | |
Harlow Joinery Ltd Priya Raman Added 2026-08-19 04:39:32 UTC by Rachel Okafor | GB-1000-0003 On-platform: GB-1000-0003 Routing/sort: 04-00-72 Northbank | Exact match Registered holder: Harlow Joinery Ltd | Verified 2026-08-19 04:39:32 UTC by Rachel Okafor |
How the confirmation-of-payee check works
- Exact match — the entered name matches the registered account holder once case, accents, punctuation, honorifics and legal-form suffixes (Ltd/Limited) are folded. The payee is saved verified.
- Close match — similar but not the same. The registered holder is named on screen and an explicit confirmation is required; the payee is saved unverified.
- No match — the add is blocked unless a written override reason is recorded, which is stored on the payee and its trail.
- Not checked — an off-platform identifier this module holds no registered holder name for. Disclosed rather than guessed.
A payment is only released to a payee that exists, is not removed, is verified, belongs to the paying customer and is registered on the account being credited — the payment engine re-checks all five inside the same transaction that writes the postings.
Sample book disclosure: the customers, accounts and staff users in this environment are seeded demonstration data created by this module — there is no connection to a real core banking system, payee directory or confirmation-of-payee scheme.