obconnect signs Newbury Building Society for Confirmation of Payee (CoP) Service

We are thrilled to announce our latest partnership with Newbury Building Society, a well-respected financial institution committed to serving its members with excellence. As of today, Newbury Building Society has joined forces with obconnect to enhance their financial security through our Confirmation of Payee (CoP) services.

CoP is a significant step forward in reducing fraud and ensuring payment accuracy for Newbury Building Society’s members. This partnership reflects Newbury’s dedication to protecting its customers from the increasing threat of payment scams and misdirected payments.

With obconnect’s CoP solution, Newbury Building Society will now be able to verify the payee’s name matches the account details provided before a payment is made, ensuring greater peace of mind for its members. This aligns perfectly with our mission to enhance security and trust in financial transactions.

To learn more about how our CoP services can benefit your financial institution, click here.

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