Tagged: confirmation of payee

April 1, 2022 @ 8:07 am By Omar Faridi  |  

Millions of UK bank account holders are “putting themselves at a much greater risk” of fraud by ignoring warnings provided by the Confirmation of Payee (CoP) service. This, according to research by Lloyds Bank. When sending funds online to someone that hasn’t been paid before,… Read More

September 4, 2021 @ 2:46 pm By Omar Faridi  |  

SurePay, a Rabobank spin off that offers Confirmation of Payee (CoP) in the United Kingdom and Benelux, has secured €12.2 million through a round that was led by Connected Capital with Iris Capital also joining Rabo Frontier Ventures in the fundraise in order to support the… Read More

January 12, 2021 @ 1:29 pm By JD Alois  |  

Digital bank Revolut has announced a new service: Confirmation of Payee – available to over 3 million UK customers. The feature is part of Pay.UK’s anti-fraud initiative, according to a release. The feature has been enabled by its payments partner Modulr, one of the few… Read More

September 5, 2020 @ 3:32 pm By Omar Faridi  |  

Earlier this week, Modulr reportedly became the very first non-bank or building society to join the Confirmation of Payee service, which allows people to check whether the payment details they’ve provided for an individual or company match the details that are held by the recipient’s… Read More