Post by Zepto
15,997 followers
Confirmation of Payee (CoP) is a new industry-wide service developed by Australian Payments Plus (AP+) and ecosystem participants like Zepto, to give you unparalleled confidence in interactions with bank accounts involving an account name, BSB and account number. Why is CoP important for your business? Because it adds a crucial layer of security. CoP checks the name behind the BSB and bank account number, and instantly presents a match outcome which can help you spot scams and errors before a payment is initiated. After all, you don't want funds going to just any Tom, Dick or Harry. Learn more and sign-up to our CoP Academy here > https://lnkd.in/gUFEQHQy #ConfirmationOfPayee #ABetterWayToPay #PioneeringThePaymentsFuture
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