Confirmation of Payee and CRM Code Consultation

The Open Banking Implementation Entity (OBIE) has published a consultation on Confirmation of Payee (CoP) and the Contingent Reimbursement Model (CRM) Code and its implications for open banking payment journeys.

The OBIE welcomes stakeholder views on the CoP / CRM Consultation paper via its online Consultation Survey.

OBIE have published three papers:

A further Preliminary Analysis paper has also been published, which sets out in more detail the preliminary findings from the consumer research commissioned exploring the effectiveness of warnings. This supplements the summary of findings presented in the Consultation Paper.

The primary focus of the OBIE consultation is the content set out in the Consultation Paper. However, the OBIE have also produced a Draft Proposition Paper and an outlining of the potential implications for the API specification.

The deadline for feedback for this consultation is 5pm, Monday, 1st March 2021.

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