Zepto Validate (CoP)
Utilise Zepto's Confirmation of Payee service to check the account name and BBAN against the details held by the recipient's bank.
Zepto Validate (CoP)
Utilise Zepto's Confirmation of Payee service to check the account name and BBAN against the details held by the recipient's bank.
Zepto Validate Overview
Confirmation of Payee, also known as CoP is an industry-wide security service that adds an extra layer of protection to payments made using a BSB and account number.
Before you initiate a payout, payment request, or onboard new customers for the purpose of accepting or disbursing funds, use Zepto Validate to validate that the account name, BSB, and account number you've entered against the details held by the payer or payees bank.
Validate account details before money moves
Zepto Validate helps confirm the key account details used for payouts, payment requests, and onboarding flows.
Account name
Compares the account name entered against the bank-held record.
BSB
Verifies the bsb details.
Account number
Verifies account number against the name entered.
Real-time match outcomes
Helps you avoid scams and mistaken payments before funds are sent.
Scam Prevention
It directly combats scams like invoice redirection, where a fraudster provides their bank details in place of a legitimate payee. By matching the account name, you can identify and prevent these scams before the money is sent.
Reduced Mistaken Payments
The service helps you catch typos or incorrect details, which can be difficult to recover once a payment has been processed. This gives you more confidence that your money is going to the correct person.
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Greater Confidence
The real-time feedback allows you to make an informed decision about whether to proceed with onboarding a merchant and/or initiating a payment.
Industry Consistency
The centralised matching service ensures that all customers of participating banks have access to the same layer of protection, creating a safer payment ecosystem for everyone.
Implementation Guide
General CoP Resources
Updated 4 days ago