United Kingdom

Confirmation of  Payee
for UK Banks and PSPs

People walking on the streets in London

Verify UK payee names before the money moves.

As Confirmation of Payee (CoP) becomes non-negotiable across Faster Payments and CHAPS, IPID gives banks and PSPs a CoP API built to scale and not bolted on.

Understanding Confirmation of Payee (CoP)

Confirmation of Payee (CoP) is a UK regulatory framework designed to protect customers from fraud by ensuring account names match intended recipients before a payment is made. This CoP check adds a critical layer of verification in the payment journey, helping financial institutions reduce misdirected payments, impersonation scams, and payment fraud.

What is a CoP match?

A CoP match occurs when the name entered by the payer aligns with the actual account holder’s name, as validated by the receiving bank. If there’s a mismatch, the user is alerted before the payment proceeds. This simple step transforms the traditional bank account name checker into a real-time fraud prevention mechanism that builds trust and compliance.

Why Confirmation of Payee (CoP) matters

As online fraud becomes increasingly sophisticated, Confirmation of Payee regulations are essential for safeguarding payments and boosting confidence in digital transactions. It’s especially vital in mitigating APP (Authorised Push Payment) fraud — a fast-growing concern in the UK and globally.

By adopting a Confirmation of Payee API, financial institutions, fintechs, and PSPs can meet regulatory requirements while improving payment success rates and user trust.

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.

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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.

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CoP applies to the UK market. Banks and PSPs operating across Europe can also learn about Verification of Payee for EU payment service providers.

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Who needs to comply with CoP?

Under UK requirements, Confirmation of Payee applies to banks, building societies and certain payment service providers that process payments through Faster Payments and CHAPS. Institutions within scope must be able to perform CoP checks as part of the payment journey.

IPID provides a scalable Confirmation of Payee API that helps UK banks and PSPs connect to the CoP ecosystem and perform real-time account name checks. For payments outside UK CoP coverage, institutions can use IPID's global payee verification solution to verify recipients across domestic and cross-border payment flows.

Your Confirmation of Payee (CoP) provider for the UK

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.

An asterisk that looks like a component of the UK flag, indicating iPiD as a spotlight within UK CoP
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

Use intelligence shared across the network to identify accounts associated with suspected fraud before payments are completed.

Lower
‍complexity

Connect through standardized APIs and operational tools without requiring internal teams to manage the full complexity of the underlying FNC-RF infrastructure.

FAQs

What is Confirmation of Payee (CoP)?

Confirmation of Payee (CoP) UK is a mandatory security feature that confirms whether the name entered for a transaction matches the account holder’s details before completing the payment. All UK PSPs are required to adhere to CoP.

Is iPiD a recognised aggregator?

Yes, iPiD is a recognised aggregator within the CoP space. You can learn more about it here.

What does Pay.UK do?

Pay.UK is the leading payments authority in the United Kingdom, overseeing the nation’s payment systems and setting critical standards for operational excellence and compliance. Their benchmarks ensure that CoP processes are robust, secure, and aligned with industry best practices.

Why is CoP important?

Confirmation of Payee (CoP) enhances payment security, reduces fraud, and ensures regulatory compliance. By verifying recipient details before transactions, it prevents APP fraud and misdirected payments, lowering disputes and operational costs. Mandatory in markets like the UK, CoP fosters trust, improves accuracy, and strengthens financial systems for safer, more reliable transactions.

What types of payments does CoP apply to?

Our CoP framework covers all credit transfers in the UK including personal and business payments. Additionally, our global Know Your Payee (KYP) solutions cover cross-border payments with 85% of the world's banked population. Every payment is subject to rigorous compliance standards and operational performance metrics, ensuring consistent security and efficiency

Can I use CoP for business accounts?

Yes. CoP is fully applicable to business accounts of all sizes. Whether you’re processing high-volume transactions or routine payments, our framework ensures that your business operations remain secure, compliant, and optimised for performance.

Can CoP be used for cross-border payments?

Absolutely. iPiD’s Know Your Payee (KYP) framework is engineered to support both domestic and international payments. By aligning with CoP's regulatory standards, iPiD ensures that your cross-border transactions remain operationally efficient.

What is the UK's liability regime for fraudulent payments?

Payment service providers (PSPs), including banks and other payment firms, are now legally obligated to reimburse customers who fall victim to APP fraud in most cases.

Simplify Payments with KYP

IPID, a global Know Your Payee (KYP) verification provider, empowers financial institutions and corporations to minimise fraud and enhance compliance worldwide.
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