Pannovate
Compliance Shield

Compliance

Confirmation of Payee

COP
Confirmation of Payee App Screen

Keep Your
Customers Safe
with Account
Name-Checking

Pannovate's Confirmation of Payee (CoP) service is designed to add an extra layer of security and trust to UK domestic payments. By using an intelligent name-checking feature, CoP helps reduce the risk of misdirected payments, ensuring your customers can be confident their payments are going to the right recipient.

Prevent Payment Fraud
Authorised Push Payment (APP) fraud, where individuals are tricked into sending money to a fraudster’s account, is a growing concern. With CoP, our solution provides a robust defence against this type of fraud by verifying the recipient’s name and account details against the information held by the recipient’s payment service provider. If there’s a mismatch, your customers will be alerted before they complete the payment, giving them the chance to verify the details and avoid falling victim to fraud.

Prevent Payment Fraud

COP Verification showing name mismatch detection

Enhanced Customer Confidence

Security Shield

Whether your customers are paying businesses or personal accounts, CoP provides peace of mind that payments are going to the correct account. This not only safeguards them from fraud but also prevents errors like mistyped account details that can lead to failed transactions.

Pannovate's system is integrated with a number of CoP providers, enabling automatic checks of recipient details in real time. By ensuring the name and account information match, your business can reduce the risk of both fraud and human error, improving customer satisfaction and trust.

Why Choose Pannovate's CoP Solution?

Protects against APP fraud

Offers real-time verification to prevent payments from being redirected to fraudsters.

Error prevention

Reduces mistakes caused by mistyped account information.

Seamless integration

Effortlessly works with various CoP system for a smooth, reliable experience.

Increased trust

Gives your customers confidence that their payments are going to the intended recipient.

Pannovate

Ready to Enhance Your Payment Security?

Contact us today to learn more about how Pannovate’s Confirmation of Payee solution can safeguard your business and customers from fraud while enhancing their payment experience.