UK SOLUTIONS: CONFIRMATION OF PAYEE (CoP)
Prevent Fraud Before Payments Are Sent
Deliver fast, accurate payee verification within the payment journey, strengthening customer trust and reducing risk at scale.
WHY FORM3
Strengthen Payment Integrity with Every Transaction
APP fraud continues to present a significant challenge across the industry, driving financial loss and eroding customer confidence. Confirmation of Payee (CoP), addresses this by validating account details before a payment is made, ensuring funds are sent to the intended recipient.
Form3 provides an API-driven CoP service for UK Faster Payments, allowing institutions to verify payee details in real time and embed verification checks across their payment workflows to reduce fraud risk.
Complete CoP Coverage
Support both requester and responder roles through a single Confirmation of Payee service.
Built for Resilience
Multi-cloud architecture and a microservices-based platform reduce reliance on a single point of failure and support continuous availability.
Secure by Design
Data is encrypted in transit with TLS, supported by ISO 27001 and ISO 22301 accredited operations.
Always-On Support
24/7 incident management and access to a live performance status page provide visibility and operational confidence.
Continuous Innovation & Testing
Validate changes before production with the Form3 payment simulator and benefit from ongoing platform enhancements and updates.
HOW IT WORKS
Confirmation of Payee Service
The Confirmation of Payee service covers UK Faster Payments, Bacs Direct Credits and CHAPS. This service also covers the Requester and Responder roles.
Confirmation of Payee – Responder Service
Form3's Responder Service enables financial institutions to respond to incoming Confirmation of Payee requests through a single API integration.
Institutions maintain account information through Form3, while the platform manages request routing, applies intelligent name matching, and returns verification responses on their behalf. Built to support alternative account names and Secondary Reference Data, the service helps deliver accurate matching results while providing real-time notifications, suspicious activity monitoring, and reporting through a fully managed service.
Based on Pay.UK requirements, Form3 also manages participant registration, directory maintenance, testing, and certification.
EXPLORE YOUR REGION
