Ten Confirmation of Payee ‘take aways’
Issue 146a | 15 July 2021
It’s not a silver bullet but…
It all stared with a Which? Super Complaint in 2017 demanding that banks in the UK must do more to protect its customers from Authorised Push Payment (APP) fraud.
In 2020 the Confirmation of Payee (CoP) service was formally launched in UK to help reduce fraud and misdirected payments.
Confirmation of Payee helps protect consum…
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