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.