What's New
Confirmation of Payee (CoP) is now available for payouts to Australian accounts. Delivered under Australian Payments Plus (AP+), CoP verifies that the supplied account name matches the name held on the receiving account before funds move.
How It Works
Run a CoP check on a recipient's account details — account name, BSB, and account number — to confirm them when onboarding payees or before an AUD payment. CoP returns a result (match, close match, or no match) or flags if the account is not found or closed. Flash provides the verification; the decision to proceed remains with the client.
Where to Use It
In Flash Connect, verify Australian account details directly from the Confirmation of Payee tool.
Via the Flash API, call Confirmation of Payee from your own systems to integrate name verification into your payouts. Contact us to enable this feature.
What This Offers Clients
Fewer misdirected payments: Name verification before funds move catches mistyped account details up front, reducing failed payments and subsequent rework.
Fraud protection: A frontline defence against authorised push payment (APP) scams, flagging mismatches before money is sent rather than chasing it afterwards.
Confidence at the point of payment: Clear verification results before committing a payment give clients assurance that funds are reaching the intended account.
CoP returns a verification result to inform the payer's decision; the choice to proceed with a payment remains with the client.