Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Confirmation of payee is badly needed. It is needed in this country more than any other country. Why? Because instant payments in the State is a tiny fraction of transactions. In other states they are over 90%. While the SEPA has this big feature, it only applies to less than 10% of payments in the State. Confirmation of payee is required to protect all of the rest of us who do not use instant payments or who only use them infrequently with Revolut and so on.