Anu Raman takes us behind the scenes of Confirmation of Payee, from its challenging launch during Covid to becoming a cornerstone of trust in payments.| tell.money
Confirmation of Payee (CoP) is an account name-checking service designed to help reduce misdirected payments and provide greater assurance that payments are being sent, and collected from, the intended account holder for UK domestic payments. Owed to its high and valued effectiveness, CoP has quickly become a utility service that customers expect to see when […]| Pay.UK