The Payment Systems Regulator (PSR) has mandated that most account-issuing PSPs in the UK must join CoP by the end of October 2024. If you are a PSP looking for assistance with joining CoP, we offer a flexible approach to meeting your regulatory obligations.
Irrespective of your preferred approach to Participation* we’re able to support Payment Services Providers by offering the CoP service as a SAAS solution prior to the deadline set by Pay.UK for both CoP Request (also known as CoP Out), and CoP Respond (also known as CoP In).
Delivery Options include API integration or File based (batch) processing depending on the needs of your organisation, with portal options for in-branch and back-office use too.
The onboarding process is straightforward with our support and typically takes 10-12 weeks.
Implementation is managed by our dedicated team of experts who have supported institutions of all sizes - from the world’s largest banks, to building societies to niche institutions. Whatever the size or scope of your CoP project, we can help.
* We can support PSPs as Direct or Indirect Participants