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Confirmation of Payee

We introduced Confirmation of Payee (CoP) in 2020 and it has been proven to mitigate certain types of Authorised Push Payment (APP) fraud and accidentally (or maliciously) misdirected payments. It has become an important tool in the fight against fraud and due to the success of this overlay service, we are now widening the scope of CoP to allow upwards of 400 organisations, both direct and indirect, to implement CoP by October 2024, as per the Payment Systems Regulator’s (PSR) direction.

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