In a significant milestone, obconnect has proudly become one of the first companies to be officially awarded aggregator status by Pay.UK. Pay.UK is the body responsible for creating standards and setting rules within the UK’s payment infrastructure. This achievement marks a pivotal moment for obconnect as it continues to lead the industry in providing innovative and reliable Confirmation of Payee (CoP) solutions.
The introduction of the SD17 regulations has brought two new CoP models to the forefront, offering financial institutions the flexibility to choose between direct and indirect participation in CoP.
Understanding Your Options:
Direct Participation:
- Connect directly to the CoP directory.
- Develop your own solution or leverage obconnect’s market-leading services for seamless CoP integration and compliance.
Indirect Participation:
- Opt for the aggregator model, where obconnect connects to Pay.UK on your behalf.
- obconnect manages the onboarding process, providing scalability and ease of implementation.
As the leading CoP provider, obconnect is dedicated to supporting financial institutions in making the right choice for their business needs. Whether you choose direct or indirect participation, obconnect’s trusted services ensure that your CoP integration is both smooth and compliant.
For more information on how obconnect can assist you with your CoP requirements, please contact our support team.
