Confirmation of Payee

Account name-checking service

Confirmation of Payee (CoP) is an account name-checking service provided by Pay.UK

It is used to verify the accuracy of new payee details before payments are made. It is a key component in combating payment fraud in the UK.

CoP helps to reduce fraudulent payments by validating the correct and intended recipient details are provided by the payer or client. The CoP process involves cross-referencing account names with account numbers and sort codes in real time, making transactions more secure and accurate.

PayPoint provides the following CoP services:

Payment Service Providers

For Banks, Building Societies, and other Payment Service Providers (PSPs) mandated by the Payment Systems Regulator (PSR) to join CoP as responders, we can support your joining the scheme as either a direct participant, or indirectly through our aggregation service. Learn more here.

Corporates

For corporate customers, we can provide access to CoP checking, that you can use either when you are collecting customer details, at the point of payment, or a combination of both. Learn more here.

How the CoP process works:

Request The CoP check starts when setting up a new payee. Details including sort code, account number, account type and secondary reference data if needed (such as building society roll number) are provided. This is either as part of a new payee creation experience by an accountholder or credentials input via API or portal by the PSP or Corporate.
Verification Details are securely sent and checked for a ‘match’ status by the Responding Institution.
Response The payer receives a rapid response, usually within 1.5 seconds. If results aren’t a complete match a warning will appear allowing the payer to make an informed decision on how to proceed.

Benefits of CoP:

Helps fight fraud
Provides the customer comfort when making payments
Reduces errors when transferring funds
Confirms the receiving bank account type
Prevents illegal activity
Part of the Open Banking strategy

Banks, Building Societies, other PSPs, and Corporates might save thousands of pounds and protect account holder or client funds by ensuring only the intended accounts get payments by implementing CoP.

Seek a partner to support implementation of CoP

Start your implementation for Payment Service Providers

Corporate firms seeking further information

Find out more

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