UK Finance Response - PSR CP22-02 Confirmation of Payee Further Participation

The PSR’s consultation CP22/2 considers how the PSR may mandate up to 400 firms over a two year period to implement Confirmation of Payee (CoP) as a mechanism to combat fraud and reduce misdirected payments.

UK Finance’s response outlines our members support for the wider roll-out of CoP and the PSR’s direction while highlighting the operational concerns that our members have in achieving the PSR’s aspirations.

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