Confirmation of Payee – which model is best for you?

Confirmation of Payee – which model is best for you? The 31 October deadline for Confirmation of Payee (CoP) compliance is fast approaching. With the introduction of Pay.UK’s new CoP directory, Payment Service Providers (PSPs) now have the choice to connect either directly or indirectly to the CoP scheme. At SurePay, we offer both choices […]

SurePay Wins Elastic 2023 Excellence Award

SurePay partners with OneID, digital ID verification. Utrecht, 26 March – SurePay, the leading Confirmation of Payee provider, today announced it was named a winner of the 2023 Elastic Excellence Solve with Search Award. The award was presented during the 2024 ElasticON New York on March 26, 2024. The market leader in Confirmation of Payee […]

SurePay Introduces Bulk Check Functionality on UK Confirmation of Payee (CoP) Portal

London, UK – March 5, 2024 – SurePay, a leading provider of innovative financial security solutions, announces the launch of bulk check functionality on its UK Confirmation of Payee (CoP) portal. This new feature empowers corporations to effortlessly verify up to 10,000 records, enhancing efficiency and security in financial transactions. The bulk check functionality streamlines […]

PSR Specific Direction 17 exemption and extension

Confirmation of Payee regulation update: exemption and extension The UK Payment Systems Regulator has issued a Specific Direction (SD17) requiring Payment Service Providers and Building Societies to implement Confirmation of Payee (CoP) by 31 October 2024. The PSR has now created processes to apply for an exemption or extension, although the vast majority of firms […]

SurePay’s partners with OneID

SurePay partners with OneID, digital ID verification. London/Utrecht 28 February  – SurePay’s & OneID® alliance aims to fortify businesses with an enhanced layer of protection, bolstering their ability to combat the increasing threat of online fraud. UK Finance reported over 116k incidents of Authorised Push Payment Fraud in the first half of 2023. This is a 22% […]

Confirmation of Payee solution for PSPs

Confirmation of Payee solution for PSPs With the Group 2 deadline to implement Confirmation of Payee (CoP) by October 31, 2024 quickly approaching, nearly 300 Payment Service Providers (PSPs) are actively planning to become compliant. This blog serves as a guide on how Group 2 can prepare on time, the latest updates from Pay.UK, and […]

The One-Stop, Simple Approach to Confirmation of Payee (CoP) Implementation

The One-Stop, Simple Approach to Confirmation of Payee (CoP) Implementation This article explains the basics of CoP and how SurePay, the UK leading vendor, can help you implement a CoP solution and ensure that you comply with the PSR mandate. The rise of APP fraud has led to the implementation of Confirmation of Payee (CoP) […]