PayPoint has partnered with AccessPay to integrate its Confirmation of Payee (CoP) feature into AccessPay’s payments automation suite. This move aims to strengthen payment security and reduce fraud risks.
Enhancing Payment Security with CoP
With £258 million lost to authorised push payment (APP) fraud in the first half of 2025, businesses need stronger payment controls. PayPoint’s CoP service allows AccessPay’s customers to verify payee details during payment workflows, providing critical protection. CoP reduces the risk of fraud and enhances security for finance teams.
CoP, or Account Name Verification (ANV), is a crucial anti-fraud tool. It ensures the accuracy of payee details before transferring funds. The system can be used at different stages, from creating payments to sending funds, to verify payee information.
Scalable and Flexible Solution
The CoP system is designed to handle high transaction volumes, making it ideal for payroll runs, supplier payments, and seasonal peaks. PayPoint offers flexible access options, including APIs, user interfaces, and bulk processing, for seamless integration into existing systems.
Anish Kapoor, CEO of AccessPay, emphasized that the integration helps clients automate high-value payments with confidence. Jo Toolan, Managing Director at PayPoint, explained the partnership would reduce fraud risks, minimize payment errors, and ensure secure, trusted payments.
Together, PayPoint and AccessPay are transforming the payment security landscape, offering businesses greater efficiency and protection.
