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What We Do
Since 1989, Bottomline has been modernizing global business payments with connected solutions for more than 800,000 financial institutions and businesses in 92 countries.
AP Automation AP Automation For Real Estate Payments Hub
Payouts Automation Payments Processing Receivables Automation Payments Hub
Paymode Pay Vendors Receive Payments Partner With Us
Connectivity Services Message Transformation & Enrichment Message Vault Risk Solutions
Connectivity Services Message Transformation & Enrichment Message Vault Payments Verification Payments Verification for Businesses
Global Cash Management Hub Digital Banking
Global Cash Management Hub
Who We Serve
Our Company
Reduce the risk of fraudulent transactions with Confirmation of Payee (CoP), an industry-wide initiative to combat APP fraud in the UK that leverages pre-verification.
Confirmation of Payee (CoP) is a fraud prevention service designed to enhance the security of bank payments by verifying the recipient’s name before transactions are completed.
This proactive measure helps prevent payment errors and fraudulent activities, ensuring funds reach the intended recipient. CoP is part of the UK’s response to rising payment fraud and misdirected payments.
The Payment Systems Regulator’s mandatory reimbursement scheme imposes more responsibility on the sender and receiver banks for fraud losses. Having CoP in place, among other solutions, will help safeguard from liability.
