Written by Modulr | Jul 24, 2025 11:00:00 PM
Confirmation of Payee (CoP) is a name-checking service that ensures the recipient’s account details match the intended payee before a bank transfer is processed. It was introduced in the UK to reduce misdirected payments and is a key tool in preventing authorised push payment (APP) fraud. CoP is a pay.uk service, which enables account names to be checked to their corresponding account numbers and sort codes, giving users greater assurance that they’re sending payments to the account they intended to. All of Modulr’s accounts are safeguarded e-money accounts enabled with CoP, so that the account name can be checked by someone paying money into a Modulr account and automated CoP checks are possible for all pay-outs made from a Modulr account.