United Kingdom

Comply to
Confirmation of Payee

Protect your customers, prevent fraud, and comply with UK regulations.

As fraud and misdirected payments continue to rise, financial institutions and payment service providers (PSPs) must ensure transactions reach the intended recipients. Confirmation of Payee (CoP) strengthens payment security by verifying recipient details before transactions are processed.

Your trusted aggregator - iPiD

iPiD is an authorised aggregator by Pay.UK. We facilitate seamless compliance for banks and PSPs without the need for complex in-house development.

A seamless compliance solution

iPiD enables financial institutions to connect and conduct CoP checks efficiently.

Flexible and scalable integration

Our solution covers both sender and responder frameworks, ensuring broad compatibility.

Enhancing trust in payments

By verifying recipient details in real-time, we help banks and PSPs reduce fraud risks and improve transaction accuracy.

60%

reduced volume of related fraud cases in the UK

17%

reduction in APP fraud by 2023

99%

reach of GBP accounts via Faster Payments

Reliable, secure and cost-effective transactions, every time

Confirm
‍in the UK

Meet regulatory requirements seamlessly with real-time payee confirmation, ensuring transactions align with EU, UK, and international compliance frameworks.

Reduce
‍fraud

Protect payments from unauthorised transfers. Our verification solutions prevent misdirected funds and help financial institutions combat rising scams—projected to exceed $7.6 billion by 2028.

Lower
‍costs

Avoid costly delays, rejections, and failed payments caused by incorrect account details. Real-time validation ensures that every payment reaches the right recipient, the first time.

Understanding CoP

CoP is the UK's regulatory framework for ensuring payee details are validated before transactions are processed.

Why does CoP matter?

As fraud tactics become more sophisticated, traditional security measures are no longer sufficient. Fraudsters frequently deceive payers into transferring money to the wrong accounts, leading to financial losses and disputes. CoP helps mitigate these risks by ensuring real-time validation of recipient details, reducing fraud-related errors.

The impact of CoP on fraud prevention

Authorised Push Payment (APP) fraud prevention – Fraudsters often trick individuals and businesses into making payments to fraudulent accounts. CoP acts as a safeguard by verifying recipient details before the transaction occurs.

Reduction in misdirected payments – Even genuine errors, such as mistyping an account number, can lead to funds being sent to the wrong person. CoP minimizes these risks by ensuring accurate payment details.

Greater consumer trust – By providing transparency in digital transactions, CoP reassures customers that their payments are protected, encouraging confidence in online and mobile banking.

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CoP and the UK regulatory landscape

CoP is a key initiative under the UK Payment Systems Regulator (PSR), which mandates enhanced security and fraud prevention measures across financial institutions. The framework ensures that payment service providers (PSPs) and banks verify payee details before processing transactions, helping to combat fraud and misdirected payments.

By working alongside regulators and financial institutions, Pay.UK is instrumental in making CoP a core component of the UK’s payment security framework, helping to safeguard digital transactions against fraud while improving consumer trust.