PRODUCT
Confirmation of Payee Anti Fraud System – for transparent, secure payments
An AI-powered Confirmation of Payee solution with best-in-class name-matching capabilities
Unlock the Confirmation of Payee API
Timely payments are crucial to ensure a healthy cash flow. Organisations of all sizes must facilitate seamless inbound and outbound transactions, while preventing misdirected payments. XBP Europe’s solution offers that peace of mind. Using industry-leading AI tools, it verifies payee accounts, handling complex name matches to dramatically reduce false negatives and positives. Payers and payees benefit from frictionless, accurate payments, and Authorised Push Payment Fraud is avoided.
Enhanced Security
This API solution verifies payee accounts. It validates account holder’s details to reduce the risk of paying into the wrong account, or Authorised Push Payment fraud.
Fast Deployment
XBP Europe’s cloud-based, hosted CoP services are quick and easy to deploy. Our flexible API and file integration supports both modern and legacy systems, while our WebUI CoP portal offers an integration-free approach to making CoP requests.
Quick Response and Matches
With a turnaround time of ~100ms for name-matching, this Confirmation of Payee solution offers highly accurate results, for a faster, safer payment experience.
System Resilience
Banks get a rapid, reliable Confirmation of Payee service for their mission-critical payments. XBP’s CoP Service is distributed across multiple availability zones in an Active-Active configuration, ensuring we can deliver the uptime expected by our customers.
Transparent Reporting
All requests and responses are stored in the system. Reasoning overviews are provided for artificial intelligence insights, showing how results were obtained.
Expert Guidance
Organisations wishing to implement Confirmation of Payee technologies can benefit from our 30 years of experience in the field.
Smart Technology
An API solution backed up with 30 years of experience. Cutting-edge AI tools offer powerful name-matching capabilities
Compliant
Conforms to Pay.UK requirements
Full, end-to-end auditing and reporting support decision-making
