Velo believes in a beneficiary directed payments platform service. This means that after a Payee has onboarded, only they have access to edit their account information. Payees are the only ones (apart from the Velo backoffice team on rare occasion) that have the ability to change it. This adds an additional layer of protection so that Payors don’t have to hold any sensitive account information on their Payees.
Why can't I update a Payee's information?
