Mistaken or fraudulent payments cost consumers millions every year, creating significant financial and emotional stress. In response to this growing issue, Confirmation of Payee (CoP) is emerging as a critical solution designed to safeguard individuals from these costly errors.

Explore the future of Confirmation of Payee in Open Banking. Learn how it benefits financial institutions by enhancing data security, consumer protection, and fraud prevention.

To learn more about Confirmation of Payee (CoP), download our white paper here.  As financial transactions grow in complexity and…

To learn more about Confirmation of Payee (CoP), download our white paper here.  The Confirmation of Payee (CoP) process, while…

Confirmation of Payee (CoP) represents a crucial advancement in banking security protocols. Designed meticulously for the financial sector, its primary…

Financial institutions are continually seeking ways to enhance their services and provide greater convenience to their customers. One innovative solution…

At obconnect, we recognised early on, back in 2019, that the true value of Confirmation of Payee (CoP) for participant…

Discover the role of Third-Party Providers (TPPs) in open banking. Learn how TPPs innovate financial services by facilitating secure data sharing and enabling new banking solutions.

Learn about open banking and its transformative impact on the financial industry. Explore how open banking fosters innovation, competition, and greater consumer control over financial data.

Whether you’re a business processing payments or an individual initiating transactions, verifying the authenticity of bank account details is essential…

Explore the transformative power of Open Banking in our series, highlighting its role in enhancing financial accessibility for the underserved. Discover how, in the last month alone, over 150,000 users have embraced Open Banking with obconnect and Paypoint plc for a seamless transaction experience, marking the beginning of a new era in banking inclusivity.

Explore the concept of Confirmation of Payee (CoP) and its role in securing payments. Learn how CoP works to verify payee details and prevent fraudulent transactions.

This blog covers obconnect’s tailored approach to supporting Building Societies in the complex financial landscape, emphasising customised technology and strategic engagements.

In today’s digital age, the financial industry is undergoing a transformative revolution, and at the heart of this revolution lies open banking.

Open banking is a system that enables the sharing of financial data between banks and third-party financial service providers through secure APIs.

In this piece, we embark on an exploration of the intricate dynamics surrounding cost considerations, unveiling potential avenues to surmount this challenge and harness the true potential of Open Banking Payments.

In this piece, we will delve into the dynamics of the performance gap, and its implications, and explore strategies to narrow this divide and elevate the stature of Open Banking Payments.

In this piece, we will delve into the intricacies of this challenge and propose a solution that could revolutionise the refund landscape within the Open Banking ecosystem.

Explore the crucial challenge of payment certainty. Discover how a scheme-level change in Open Banking Payments can bridge the confidence gap and usher in a unified payment ecosystem.

Explore the reasons behind merchants’ reluctance to adopt Open Banking Payments. Dive into the complexities of uncertain payment guarantees, refund processes, performance gaps, and cost considerations.