Beneficiary Verification (CoP/VoP)
UK and EU regulators have introduced payee name‑checking requirements to ensure that beneficiary details are correct and exactly match the associated bank account information. The new Bene Create/Edit endpoint integrates Confirmation of Payee (CoP) and Verification of Payee (VoP) checks in our REST API workflows.
The updated endpoints in this section apply only to Beneficiary verification checks.
Key Updates
- CoP checks are required for all GBP payments sent to UK banks. This applies to payments processed through FPS, BACs, and CHAPS for both incoming and outgoing payments.
- VoP checks are required for all EUR payments (Wire and SEPA) initiated by IE division clients and their branches through SEPA CT and SEPA Instant eligible BICs schemes.
CoP and VoP are regulatory mandates, not optional services. These checks are enforced at the regulatory level, and no exceptions are permitted. Please direct any questions to your Corpay representative.
Download CoP/VoP Beta Test Cases
Click here to download and validate your beneficiary integration against supported payee verification scenarios.
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- Beneficiary Verification (CoP/VoP)