Protection against fraud
Confirmation of Payee (UK)
Confirmation of Payee (CoP) is a new way of giving business and personal customers greater assurance that they are sending payments to their intended recipient, helping them to avoid making accidental or misdirected payments to the wrong account holder, as well as providing another layer of protection in the fight against fraud, particularly Authorised Push Payment (APP) scams.




Product Highlights
The Advantages of Confirmation of Payee
Open Banking Experience
CoP solution is built on Open Banking rails and our experience in this field is critical to your project success.
Our core-banking connectors provide seamless integration for CoP.
Cost Effective
SaaS pricing based on the volume of CoP verification calls.
Fixed license fee for on-premise deployment for unlimited CoP verifications.
End to End Delivery
Our solution is delivered in its entirety including core banking integration support meeting all Pay.UK conformance tests.
We also provide consulting support on the bank customer channels (online/mobile banking) integration.
Flexible Deployment
Our solution is offered as SaaS or be installed on the bank's public cloud or on-premise.
Our modern infrastructure automation allows easy installation of the entire CoP solution.

Introducing
Confirmation of Payee (UK)
Inbound, Outbound, or Combined CoP
Simple onboarding process
Dedicated development support
Covers current and future phases of CoP
Available on-premises or via SaaS
Channels integration support
Allows extracts for Pay.UK reports and usage
Audit logging and management
Fully supports investigations and liability identification
Trusted by

Solution features
Our CoP Solution Offers
Outbound CoP
Confirm Payee identity to the Payer before payments are processed.
Provide assurance that the payment will reach its intended recipient.
Protect the Payer from “mis-keyed” payments and APP fraud.
Place legal liability with the Payer for unconfirmed payments.
Easily integrate with your existing customer engagement channels.
Inbound CoP
Confirm to the Payer that they are paying the correct Payee.
Avoid liability by notifying the Payee when there is a match.
Enhance your reputation by providing Payee account assurance.
Avoid fraudsters seeing your organisation as a ‘safe haven’.
Confirmation Of Payee Demo
See Banfico’s Confirmation Of Payee solution in action! Please fill the information below to schedule a demo.