Confirmation of Payee: The journey so far
Our Confirmation of Payee service is an industry-wide initiative that looks to safeguard against misdirected payments and combat fraud.
Our Confirmation of Payee service is an industry-wide initiative that looks to safeguard against misdirected payments and combat fraud.
Pay.UK welcomes the opportunity created by the National Payments Vision, and the concomitant changes in the regulatory structure, to reform the organisational framework at the heart of UK payments.
At Pay.UK, we operate the UK’s retail payment systems and manage a number of vital switching services on behalf of the industry.
Our Head of Product, Euan Ballantyne recently moderated a panel discussion that explored the importance of payments in delivering superior retail services to both consumers and businesses at the FTT Payments conference in London.
Our Programme Manager for fraud, Maria Kiero-Watson, recently discussed the challenges and opportunities faced by the payments industry in safeguarding both consumers and merchants against fraud at the FTT Payments conference in London.
On 31 March 2025, we proposed a package of reform measures to our regulators on governance and funding arrangements in retail payments to unlock progress, innovation and growth for the benefit of end users.
Our Senior Product Owner for fraud, Rujina Eesa, recently joined a panel of fellow industry experts at the Payments Leaders’ Summit to discuss how the industry can secure payments against fraud and our Confirmation of Payee service.
Our Head of Strategic Policy, John Mowat, recently discussed the future of UK payments and upgrades to the UK’s interbank retail payments infrastructure at the Westminster Business Forum online policy conference.