This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. CoP is designed to help customers avoid ...

Bank/PSP (Payment Service Provider) not offering Confirmation of Payee (CoP) could be aiding and abetting fraudsters. CoP links the name of the account holder to the Sort Code and account number.

A loss payee is the person or institution that receives the insurance payment from a loss. The loss payee is a legal definition used to cover the investment of other parties when you lose property.

Earlier this week, Modulr reportedly became the very first non-bank or building society to join the Confirmation of Payee service, which allows people to check whether the payment details they’ve ...

A new name-checking fraud prevention system could have already helped reduce authorised push payment scams by nearly a third, according to figures from the first bank to fully introduce it. Lloyds ...

Lloyds Bank is a familiar name on the high street and used by millions of Britons, however, it appears scammers are exploiting its reputation. Many Britons have reported receiving a text message which ...

Firstly, a list of your payee’s will be displayed. Please note: HMRC will always appear on this list where the account number, name and bank details cannot be amended. Secondly, new payees can be ...