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January 18, 2023

On the web

Bottomline Introduces Confirmation of Payee Solution for Businesses

EIN News

Bottomline, has announced a new line of fraud defence for companies. Now available to companies directly, Bottomline’s Confirmation of Payee (CoP) for Business helps better protect companies against potential fraud by verifying the owner of the bank account receiving funds. Authorised push payment (APP) fraud losses reported by UK Finance stood at £583 million for 2021 (up 22% from 2020) and £249 million for the first half of 2022.