‘CoP API - Out’ enables your organisation to adopt Pay.UK standards to send CoP requests to third parties via a dedicated and secure API channel and then process their response. The offering is delivered as a SaaS service combining technical delivery and professional support services.
Comprising several technical components, each designed to support the underpinning capabilities to register with and send compliant CoP requests to third parties within the Open Banking ecosystem (OBIE).
Confirmation of Payee Service is a component responsible for integrating with your customer’s payment journey via a simple and secure API. Once connectivity is established and a request received our service goes to work to identify the applicable ASPSP and send a secure CoP request to them. The matching decision is then passed back for you to display the relevant message or warning back to the customer (the payer) or process as you see fit.
COMING SOON!!! Service Dashboard provides access to your API service metrics and other indicators to support the monitoring of your CoP responses. Any Management Information required by Pay.UK is provided through the Service Dashboard.
Our developer area allows you to onboard with ease and proves your connections within our sandbox area.
CoP introduces a significant hurdle for fraudsters and gives effective warning to customers about the risks of sending payments to an account where the name does not match. This aids in reducing authorised push payment (APP) fraud when making an account-to-account transfer.
Our TPP Framework Module provides full TPP capability enabling you to dynamically register with ASPSPs for CoP and initiate unlimited requests (based on the package held with allpay) to those ASPSPs and manage their responses.
If you’re looking at using Open Banking to drive innovation within your organisation, this module will also be enabled to send Account Information (AIS) and Payment Initiation (PIS) requests once these become available via the allpay Open Banking solution.
API integration is quick and easy and helps in reducing timeframes from months to weeks.
You will receive billing based on transaction volumes and will be charged a fixed yearly/monthly fee.
Be a Third Party Provider or use our licence.