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You’ll be pleased to know we do now have this in the United Kingdom. It’s called Confirmation of Payee.

That does exist now in the UK, I had it last time I sent money - I put in the name I expected and then it showed me the name on their account because they were a bit different.

For companies there are present lists so I don't need to know most company details to send say gas bill payments.

We have this for IBAN payments within the NL, I can't speak for the rest of the EuroZone.

The name check isn't universally supported, so it is better to say that it is strictly optional.