PayPoint and Obconnect welcome Dudley Building Society to Confirmation Of Payee (CoP) client list
In partnership with Obconnect, the PayPoint team was delighted to welcome Dudley Building Society as a new client for our Confirmation of Payee (CoP) service.
Our CoP solution reduces fraudulent payments by validating that the details provided for recipients are correct. Our technology cross-references account names with account numbers and sort codes in real time, ensuring transactions are secure and accurate.
What’s more, our automated client upload service allows for account records to be updated easily and made available to the CoP service for instant checking, to better combat payment fraud.
This partnership further strengthens our position as a leading provider of innovative financial solutions tailored to the unique needs of building societies.
To learn more about how our CoP services can benefit your financial institution, click here.