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
Embargoed until 8pm 30th July 2025: The Current Account Switch Service today publishes its Q2 2025 Dashboard, reporting 216,519 completed switches between April and June 2025. The post June sets 2025 record for current account switching appeared first on Pay.UK.| Pay.UK
As global payments become faster and more complex, ensuring security and trust has never been more important. The post Pay.UK discusses how Confirmation of Payee is shaping payments in Australia appeared first on Pay.UK.| Pay.UK
As Europe moves toward the Single Euro Payments Area (SEPA)-wide implementation of Verification of Payee (VoP) by October 2025, payment service providers (PSPs), payment system operators (PSOs), and financial institutions across the region are looking to Pay.UK’s experience with its implementation of Confirmation of Payee in the UK, for guidance.| Pay.UK
We are pleased to release our Annual Report and Financial Statements 2024, highlighting our achievements and financial performance over the year, and the progress against our strategic priorities. The post Pay.UK releases Annual Report 2024 appeared first on Pay.UK.| Pay.UK
The Payments Vision Delivery Committee has now set out the future direction for UK payments and this marks a pivotal moment for our industry.| Pay.UK
Our Confirmation of Payee service is an industry-wide initiative that looks to safeguard against misdirected payments and combat fraud.| Pay.UK
Our Confirmation of Payee service is an industry-wide initiative that looks to safeguard against misdirected payments and combat fraud. The post Confirmation of Payee: The journey so far appeared first on Pay.UK.| Pay.UK
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. The post Working together to build a world-leading payments ecosystem – proposal to reform Pay.UK appeared first on Pay.UK.| Pay.UK
At Pay.UK, we operate the UK’s retail payment systems and manage a number of vital switching services on behalf of the industry. The post Bank account balances on the decline: How can the Current Account Switch Service help? appeared first on Pay.UK.| Pay.UK
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. The post Pay.UK discusses the impact of payments on customer experience at FTT Payments appeared first on Pay.UK.| Pay.UK
24 April, 2025: The Current Account Switch Service today publishes its Q1 2025 Dashboard, reporting 222,805 completed switches between January and March 2025.| Pay.UK
We are the recognised operator and standards body for the UK’s interbank payment systems. Bacs - Faster - Image Payment System| Pay.UK
Resilient infrastructure and a clear regulatory framework are the two core foundations of the Government’s National Payments Vision, published on 14 November 2024.| Pay.UK
