The future of CoP (Confirmation of Payee) schemes in Europe

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  • Find out more about CoP (Confirmation of Payee) schemes and their new name VoP (Verification of Payee).

  • Are these CoP (Confirmation of Payee) schemes enough to tackle fraud risk.

  • What future for CoP schemes in the context of new European regulations (instant payments, for example)?

Exclusive extract

Today, many European countries have their own Confirmation of Payee (CoP) verification systems. With the emergence of new European regulations (instant payments, for example), the landscape of banking transactions in Europe will change drastically, calling into question the future of current CoP schemes.

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