CoP - Information Centre
This page provides initial information available in the public domain on Confirmation of Payee. Although a good Google search would of course throw up the same information, we thought it would be helpful to compile references to all the essential information in a single location.
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Have contributions? Let us know and we'll put it in!
All links open in a new window.
Have contributions? Let us know and we'll put it in!
Introductions
- Pay.UK initial introduction. Excellent introduction, includes a downloadable PDF report.
- UK Finance Introduction. Also good introduction, useful sections for Businesses and Consumers.
- BACS (part of Pay.UK) introduction by Brian Cunnington, CoP Project Lead
Contacts
- Tony Pegg – Open Banking Ecosystem Engagement Specialist
- E: tony.pegg@openbanking.org.uk
- M: 07860 762697
- Anthony Evans - Confirmation of Payee Network Organiser
- E: Anthony.Evans@NonFunctionalTesting.org
- M: 07494 960876
In the News - Articles
- AccessPay article from their website
- Money Saving Expert article
- Which Magazine article
- Modulr - Non-Bank implementation of CoP
- YourMoney - introductory article on of CoP
- Surepay - launch of their CoP service with RBS
- Bottomline - LinkedIn post on launch of an SaaS CoP service
- Guardian (7th September) - Name mismatches causing difficulties.
- UK Finance Press Release (24th September) - Impersonation scams double in first half of 2020
- RevK's Blog (29th September) - Confirmation of Payee blog thread. Some really good anecdotal evidence of the types of issue that can arise without coordination and communication.
- Exela Technologies (added 12/11, released 19/5) - Their relaionship with Co-op Bank
- PSR CoP consultation - respond by 8th April!! - see here
- Finextra article on PSR consultation (30th March) - see here
- OB Excellence Blog CoP article (March 25th) - see here
- Guardian article (22nd March) - see here
- £9m CoP requirement for HMRC now published - see here! (Closed 29th March)
- See the Mail Online article (14th March)
- See the Daily Express article (11th February)
- See our latest newsletter here
- Our friends in the Open Banking Excellence Community recently published a LinkedIn 'Hot Topic' article on Confirmation of Payee.
- Also, check out our new 'Q&A' page!
- Open Banking Excellence - when should you join CoP. Before or after Phase 2 ? (20th April)
- Access Bank onboards with Bottomline (12th April)
- Surepay at the Building Societies Assocation Annual Conference on 4-7 May (21st April)
- Bottomline Webinar 13th May - Don't get phased out!
Implementation Timescales
- Original announcement from the Payment Systems Regulator (PSR)
- March 2020 update as a consequence of Covid.
Associated Articles
- Contingent Reimbursement Model - when it all goes wrong
- 2014 HM Treasury Fintech report on the UK Fintech industry
+44 (0) 7494 960876
Info@ConfirmationofPayee.net
