“NatWest announced the launch of a new direct access Confirmation of Payee (CoP) Application Programming Interface (API) for its commercial customers. Confirmation of Payee was introduced across the UK banking industry in June 2020 to combat scammers and guard against customer errors. The technology allows banking customers to carry out a check on individual payments through their online banking, by ensuring the account details entered by the sender accurately match those of the payee. NatWest’s new API will allow its corporate customers to embed this service directly into their own systems, and carry out bulk checks against outbound payee details, for payments made using BACS, CHAPs and Faster Payments. This will in turn help save time, improve customer experience, reduce costs and detect fraud.”