XBP Europe Approved as a Confirmation of Payee (CoP) Aggregator by Pay.UK [Yahoo! Finance]
XBP Europe Holdings, Inc. (XBP)
Company Research
Source: Yahoo! Finance
XBPEW), announced that Pay.UK has approved its application to become a Confirmation of Payee (“CoP”) Aggregator. This approval confirms XBP Europe's status as a leading provider of CoP services. The Company will be able to join the service provided by Pay.UK and pass those benefits to its clients. As a CoP aggregator, XBP Europe simplifies implementation for payment service providers (PSPs). By streamlining the connection process and reducing the need for multiple contracts, it enables faster and broader participation in the CoP ecosystem, fostering greater collaboration and accelerating the industry's adoption of this vital security measure. XBP Europe's solution allows organisations to implement CoP services in days, rather than months. This is of particular interest to financial institutions who must implement CoP on time in order to remain compliant. Under the Payment Systems Regulation, firms and building societies must implement CoP as a live service by 31 October 2024 in th
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XBP
Sec Filings
- 9/5/24 - Form 8-K
- 8/12/24 - Form 8-K
- 8/12/24 - Form 10-Q
- XBP's page on the SEC website