Confirmation of Payee (CoP) is an account name checking service that the UK banks are introducing to online banking payments.
The service was due to go fully live by the end of March 2020, however given that the directed banks are managing COVID-19 related risks and are working hard to protect their customers, the regulator (Payment Systems Regulator – PSR) considered their regulatory approach to the implementation of this system and revised the implementation date to 30 June.
Find out more about Confirmation of Payee at – link
Current Roll Out Status
Confirmation of Payee is being gradually rolled out by banks across the UK – the following table is based on information available as at the 27 May 2020.
If you spot any errors in the table please let me know in the comments section below.