Sedicii has launched a new Confirmation of Payee (CoP) service designed to help consumers and businesses in Ireland verify the name on a UK bank account before sending money—offering a critical line of defence against payment fraud. This is the first solution of its kind to be available in Ireland, giving Irish payers the same security protections that UK-based banks have been rolling out in response to growing fraud threats.
Why is CoP imporant?
With Authorised Push Payment (APP) fraud continuing to rise, people and businesses are increasingly at risk of sending money to the wrong person—whether due to scams or simple errors. Sedicii’s CoP service helps stop these payments before they happen by checking that the name entered by the sender matches the account details at the receiving UK bank.
What are the key benefits of using CoP?
- Protects consumers from sending money to the wrong account
- Prevents fraud by detecting mismatched or suspicious payee details
- Brings CoP-level protection to Ireland, supporting UK-bound payments
- Works in real time, so users get immediate confirmation before authorising a payment
This launch is a major step forward in making cross-border payments safer and more transparent—without compromising speed or privacy. To learn more or to integrate this service, please Contact Us.