Monavate Partners with tell.money to Strengthen Payment Security with Confirmation of Payee (CoP) and Expand Open Banking Services

Monavate, the innovative card scheme sponsor and payment enablement platform, has selected tell.money to enhance its Confirmation of Payee (CoP) security and open banking capabilities. This strategic move reinforces Monavate’s commitment to fraud prevention, compliance, and seamless financial innovation.

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As a principal member of Visa, Mastercard, and Discover, Monavate empowers businesses to build limitless payment ecosystems. Following a detailed market review, Monavate chose tell.money’s trusted, easy-to-integrate solutions to strengthen fraud prevention, payment security, and regulatory compliance—ensuring a frictionless experience for businesses and their customers.

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"Security and compliance are at the core of what we do at Monavate,” said Mat Peck, Chief Technology Officer at Monavate. “With tell.money’s CoP solution, we can provide an essential layer of security that ensures payments reach the right recipient, ensuring our customers can transact with confidence. Combined with their open banking capabilities, this partnership allows us to continue offering cutting-edge financial solutions with the highest level of security and trust.”

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Tell.money specialises in streamlined regulatory solutions for financial institutions, enabling them to implement CoP and open banking with minimal friction.

"We’re thrilled to partner with Monavate as they continue to lead the way in payments innovation,” said David Monty, CEO at tell.money. “By integrating CoP and open banking, Monavate is further strengthening payment security while unlocking new possibilities for fintechs and payment providers.”

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With over 5.5 million cards issued, 320 million+ transactions processed, and £4.7 billion settled across 32 countries, Monavate continues to simplify payments and empower businesses worldwide.

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