Blog

Explore how Australia's payments industry is using technology, regulation and collaboration to combat e-fraud and scams, and the role Monoova has to play.

New to Australia, Confirmation of Payee (CoP) is a name-checking service that lets users verify who they are paying before a first-time domestic payment is transferred between financial institutionsDesigned with businesses in mind, Confirmation of Payee matches banking details against the recipient’s bank records to provide match outcomes and help minimise mistaken payments and exception handling when making payments.