The Fintech Times

AUGUST 8, 2024

Australian Payments Plus (AP+) and the Australian Banking Association (ABA) have completed the design of the new Confirmation of Payee (CoP) service which will enable people paying to an account with a name, BSB and Account number to confirm the account name of the payee before the payment is made.

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The Payments Association

MARCH 19, 2024

The UK's banking sector is on the cusp of a major shift with the imminent expansion of the Confirmation of Payee (CoP) system, a move aimed squarely at further curtailing Authorised Push Payment (APP) fraud. Read more

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The Payments Association

APRIL 26, 2024

The timeline for tranche two of the institutions mandated by the PSR to join the CoP service in the UK is imminent (SD 17 requires that named organisations have implemented solutions by 31st October 2024), with the EU releasing their draft Verification of Payee (VoP) rule book for consultation (which closes 19th May 2024), and is expected to enter (..)

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Fintech Finance

MAY 8, 2024

CEC has taken the responsibility to provide the Belgium VoP and has, on behalf of the Belgium Banks and in consultation with Febelfin, awarded SurePay to deliver Verification of Payee (VoP) services. What is Verification of Payee? SurePay, has been a pioneer in Verification of Payee since 2016, conducting over 1.5

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Finextra

JULY 8, 2024

At EBAday 2024, Hays Littlejohn, CEO, EBA Clearing and Erwin Kulk, Head of Service Development and Management, EBA Clearing, explain how network-based fraud pattern and anomaly detection can boost the customer experience and safety provided by verification of payee checks.

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The Fintech Times

MAY 13, 2024

CEC (Centre For Exchange And Clearing), the central point for channelling retail payment transactions between banks in Belgium, has plumped for SurePay to deliver verification of payee (VoP) services. ” The post SurePay to Lead Verification of Payee Integration in Belgian Banks appeared first on The Fintech Times.

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Finextra

MAY 29, 2024

Form3, the cloud-native account-to-account platform, today announces that Currencycloud, a Visa solution focusing on simplifying business in a multi-currency world, has selected them to provide account verification technology to support Confirmation of Payee (CoP) activity, designed to reduce fraud in the UK.

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Finextra

APRIL 9, 2024

EBA Clearing will roll out a pan-European Verification of Payee feature by the end of the year.

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Finextra

APRIL 29, 2024

Finastra, a global provider of financial software applications and marketplaces, today announced the go-live of its Bacsactive-IP Confirmation of Payee (CoP) service with ScotPayments, a centralized payments platform that supports the digital transformation of public services in Scotland.

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Finextra

JULY 16, 2024

Albert Sitelis, Head of Partnerships & Market Development at Banfico, discusses the hurdles of meeting the IP regulation compliance deadline for payee verification at EBAday 2024. With over 5000 PSPs in Europe, connectivity remains a major challenge, despite existing name check systems in several countries.

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Finextra

MAY 8, 2024

Belgium's Centre for Excchange and Clearing has selected SurePay to provide Confirmation of Payee technology to the domestic banking industry.

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Fintech Finance

MAY 29, 2024

Form3 , the cloud-native account-to-account platform, today announces that Currencycloud , a Visa solution focusing on simplifying business in a multi-currency world, has selected them to provide account verification technology to support Confirmation of Payee (CoP) activity, designed to reduce fraud in the UK.

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Finextra

JANUARY 30, 2024

AccessPay, the leading provider of bank integration, today announced the addition of Confirmation of Payee (CoP) and Sanctions Screening capabilities to its Fraud & Error Prevention Suite, launched in 2023.

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Fintech Finance

MARCH 19, 2024

Swift, which built and runs the NPP, was chosen by Australian Payments Plus (AP+) to build confirmation of payee, which is a security measure that helps protect consumers from fraud by confirming the identity of the payee before a payment is made.

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The Nilson Report

APRIL 22, 2024

The post Pan-European Verification of Payee Ready by December appeared first on Nilson Report.

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Finextra

MAY 7, 2024

Today the European Payments Council (EPC) launches a public consultation on the Verification Of Payee (VOP) scheme rulebook.

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Finextra

MAY 7, 2024

CLOWD9, the world's pioneering cloud-native issuer processing platform, has announced the selection of tell.money as its strategic Software-as-a-Service (SaaS) partner to revolutionise Confirmation of Payee (CoP) and open banking compliance in the UK and European markets.

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The Nilson Report

MAY 2, 2024

The post Confirmation of Payee Reaches Two Billion Checks in UK appeared first on Nilson Report.

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Finextra

MAY 8, 2024

Belgium's Centre for Exchange and Clearing has selected SurePay to provide Confirmation of Payee technology to the domestic banking industry.

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The Paypers

MARCH 19, 2024

Europe-based Open Banking service provider LUXHUB has announced the launch of its Payee Verification Platform, aiming to simplify the implementation of the VoP mandate.

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Finextra

MAY 2, 2024

At NextGen Nordics 2024, FinextraTV and Kannan Rassapan, CEO of Banfico, dive into the evolving landscape of account verification services and Confirmation of Payee (CoP) implementation in the Nordics.

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Fintech Finance

MAY 7, 2024

CLOWD9 , the world’s pioneering cloud-native issuer processing platform, has announced the selection of tell.money as its strategic Software-as-a-Service (SaaS) partner to revolutionise Confirmation of Payee (CoP) and open banking compliance in the UK and European markets.

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The Nilson Report

JUNE 3, 2024

The post Belgian Banks Choose SurePay as Verification of Payee Vendor appeared first on Nilson Report.

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Finextra

MARCH 5, 2024

SurePay, a leading provider of innovative financial security solutions, announces the launch of bulk check functionality on its UK Confirmation of Payee (CoP) portal.

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The Paypers

JULY 1, 2024

The provider of payment infrastructure solutions EBA CLEARING has announced the publication of user specifications for its Verification of Payee service.

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Fintech Finance

MAY 21, 2024

The deadline in Europe for Verification of Payee, based on the Instant Payment regulation, is October 2025. SurePay is the most trusted Confirmation of Payee (CoP) provider in the UK, and Verification of Payee (VoP) provider in Europe, and has facilitated over 7.5 billion CoP/VoP checks across the UK and EU since 2017.

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The Fintech Times

MARCH 31, 2024

SurePay , the IBAN-name check provider, confirmation of payee (CoP) and verification of payee (VoP) to over 100 banks, has expanded its services following a strategic agreement with Swift , the messaging network, and the integration of Swift’s payment pre-validation service.

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ACI Worldwide Blog

MAY 13, 2024

The post Factoring in the safety switch with Confirmation of Payee appeared first on ACI Worldwide.

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The Paypers

APRIL 28, 2024

Canada-based Symcor has launched the Payee Verify solution to help minimise Authorised Push Payment (APP) fraud.

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Finextra

JULY 1, 2024

EBA CLEARING announced today the publication of the user specifications for its Verification of Payee solution.

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The Paypers

JANUARY 30, 2024

UK-based corporate-to-bank integration provider AccessPay has announced the launch of its embedded Confirmation of Payee and Sanctions Screening products.

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Payments Source

JULY 1, 2020

s six major banking groups are now required to have implemented the new Confirmation of Payee (CoP) scheme for Faster Payments and Chaps as part of a regulatory push to tackle the rampant rise in Authorized Push Payment (APP) fraud.

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Fintech Finance

JANUARY 30, 2024

AccessPay , the leading provider of bank integration, today announced the addition of Confirmation of Payee (CoP) and Sanctions Screening capabilities to its Fraud & Error Prevention Suite 1 , launched in 2023.

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Fintech Finance

APRIL 4, 2024

iPiD , a leading payment validation solutions provider, today announced the publication of a pivotal whitepaper, “Verification of Payee: The Race to Compliance,” authored by CEO Damien Dugauquier. The paper is now available on the iPiD website at www.ipid.tech/verification-of-payee-the-race-to-compliance.

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The Paypers

NOVEMBER 8, 2023

UK-based payment solutions company Clear Junction has launched Confirmation of Payee (CoP) service to increase the security of transactions amid rising APP fraud.

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The Paypers

JANUARY 18, 2023

Financial technology provider Bottomline has launched a fraud prevention solution, Confirmation of Payee (CoP) for businesses to fight authorised push payment (APP) fraud.

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The Paypers

MARCH 7, 2023

UK-based fintech Allica Bank has integrated SurePay ’s Confimation of Payee (CoP) solution to protect customers from fraud and misdirected payments.

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