---
term: "Confirmation of Payee"
category: "Agent payments"
url: https://agenticopenfinance.com/glossary/confirmation-of-payee
source: AgenticOpenFinance glossary
---

# Confirmation of Payee

> The UK account name-checking service, run by Pay.UK, that compares the payee name with the receiving account.

Confirmation of Payee is an account name-checking service in the UK, run by Pay.UK, designed to help reduce misdirected payments and give greater assurance that payments are sent to, and collected from, the intended account holder for UK domestic payments. It is a scheme operated by the industry body rather than a term defined in statute. For agents, the point is the same as for any name check: the result must reach the customer before the payment is made.

Related terms: [Verification of payee](https://agenticopenfinance.com/glossary/verification-of-payee.md), [APP fraud reimbursement](https://agenticopenfinance.com/glossary/app-fraud-reimbursement.md), [Credit transfer](https://agenticopenfinance.com/glossary/credit-transfer.md), [Instant payment](https://agenticopenfinance.com/glossary/instant-payment.md)