With this functionality, a standard or instant credit transfer payee is confirmed/verified by identifying the name of the first holder of the destination payment account.

This functionality can be used by all payment service users, be they natural or legal persons, holding a payment account with a payment service provider established in Portugal and in this list.

Payment service users can use this functionality through the same channels where their payment service provider offers the initiation of standard or instant credit transfers, either remote (e.g. home banking, app) or face-to-face channels (e.g. counters).