The impact of the Covid 19 pandemic significantly accelerated a consumer shift towards digitised engagement, playing into how we live our day to day lives and how we choose to purchase goods and access services. Offering ease of access from anywhere, at any time and on any device has become paramount. Ensuring payments are secure and safe is now more vital than ever before.
In this white paper you'll discover:
A seismic shift in consumer payment behaviour
The need for enhanced payment governance and verification
The true cost of UK payment fraud and APP scams
How Confirmation of Payee (CoP) was introduced to reduce fraud
The benefits of CoP
Future payment trends
The four to watch; from Peer to Peer (P2P) to Banking as a Service (BaaS)
Seize the day, how to prepare for CoP