Lucy HadrillPay.UK has confirmed that, from July 2021, the reach of the Confirmation of Payee Service (CoP) will be extended with a revised capability and simplified processes. This will allow CoP to be introduced more widely to new participants which, in turn, will increase the number of customers that can benefit from CoP.
Existing CoP participants are supporting this change and are planning to adopt this new capability before the end of 2021. New firms planning on participating in CoP are invited to contact Pay.UK so it can advise on the application options available and how to get involved.
