AccessPay and PayPoint have teamed up to introduce Confirmation of Payee (CoP) capabilities within AccessPay’s payments automation suite.
In a recent announcement, AccessPay has partnered with PayPoint to incorporate CoP functionality into its payments automation platform. This move is geared towards mitigating fraud and minimizing payment errors for corporate finance departments.
CoP, often known as Account Name Verification, verifies payee account information against official records before a transaction is executed. The integration will enable AccessPay clients to validate payee details either at the time of collecting payments, when setting up payment instructions, or both. This feature has been available to AccessPay users since they began collaborating in 2025.
Scaling up anti-fraud measures for corporate transactions
According to the official press release, this partnership is a response to substantial fraud risks in business payments. APP fraud alone caused losses of GBP 258 million during the first half of 2025, as reported in the announcement. Corporate settings frequently handle large volumes and high-value transactions such as payroll runs and supplier payments, making payment mistakes and fraudulent activities more financially impactful.
PayPoint’s CoP feature is tailored to meet these substantial corporate needs. Various integration methods are provided, including APIs, a user interface, and bulk processing options, enabling companies at different stages of automation to incorporate account name verification into their existing processes without extensive system changes.
Expanding payment solutions for finance teams
AccessPay functions as an integration platform that connects businesses with their banking systems, facilitating automated payments. Adding CoP to the platform expands fraud and error prevention tools directly within payment workflows, thereby decreasing reliance on manual oversight, exception handling, and resubmissions.
For PayPoint, this partnership broadens the reach of its CoP solution to a wider audience of corporate finance departments. A representative from PayPoint stated that their collaboration aims to assist organizations in reducing fraud risks and minimizing payment errors within automated financial processes.
The integration aligns with an industry trend where payment automation platforms are integrating verification and fraud prevention tools into their core infrastructure rather than treating them as separate compliance layers. With the UK’s Payment Systems Regulator mandating reimbursement for APP fraud losses, corporate payment teams face increasing operational and regulatory demands to implement controls at the point of transaction initiation.
AccessPay considers CoP a part of its broader ecosystem of fraud and automation tools offered through its platform. The PayPoint partnership is integral to this ongoing development.
