News

NatWest launches new direct access CoP API

Monday 30 May 2022 15:01 CET | News

UK-based NatWest has announced the launch of a new direct access Confirmation of Payee (CoP) Application Programming Interface (API) for its commercial customers.

Confirmation of Payee was introduced across the UK banking industry in June 2020 to combat scammers and guard against customer errors. The technology allows banking customers to carry out a check on individual payments through their online banking by ensuring the account details entered by the sender accurately match those of the payee. 

NatWest’s new API will allow its corporate customers to embed the service directly into their systems and carry out bulk checks against outbound payee details for payments made using BACS, CHAPs, and Faster Payments.

The API will be available under the NatWest, Royal Bank of Scotland, and Ulster Bank brands for commercial customers. Businesses can apply to use NatWest’s Confirmation of Payee API by visiting the website to register interest and will need to have the technical capability and resources within their business to implement the API at their own cost. 

More: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: product launch, API, Confirmation of Payee, banking, fraud prevention
Categories: Banking & Fintech
Companies: NatWest
Countries: United Kingdom
This article is part of category

Banking & Fintech

NatWest

|
Discover all the Company news on NatWest and other articles related to NatWest in The Paypers News, Reports, and insights on the payments and fintech industry: