Scam check has hit 2billion

Published date09 April 2024
Publication titleHuddersfield Daily Examiner
Confirmation of Payee (COP) was launched in 2020 and acts as an extra layer of protection when people are transferring money

It is designed to help reduce misdirected payments and provide assurance that payments are being sent to the intended account holder.

If the names do not match, the customer is alerted and informed of the risks...

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