AccessPay and PayPoint Launch Strategic Partnership to Combat Corporate Payment Fraud
Manchester, Tuesday, 3 March 2026.
With £258 million lost to fraud in early 2025, this integration automates payee verification, safeguarding finance teams against costly errors and authorized push payment scams.
Fortifying Corporate Payments
In a decisive move to counter financial crime, AccessPay has announced a strategic partnership with PayPoint (LSE: PAY) [GPT] to integrate Confirmation of Payee (CoP) technology into its payment automation suite. Revealed on March 3, 2026, this collaboration addresses a critical vulnerability in corporate finance: authorized push payment (APP) fraud, which resulted in losses totaling £258 million during the first half of 2025 [1]. By embedding these safeguards, the partnership aims to secure high-value transaction flows for businesses globally.
Automated Verification Technology
The integration utilizes PayPoint’s CoP capability, also referred to as Account Name Verification (ANV), to validate payee details against official bank account records prior to the execution of any payment [1]. This pre-emptive check is designed to identify discrepancies that typically indicate fraud or administrative error, ensuring that funds are only directed to the intended recipients. The system is engineered to manage peak-usage scenarios, offering finance teams flexible access through APIs, user interfaces, and bulk processing options [1].
Operational Efficiency and Security
For financial managers, the integration offers a dual benefit: enhanced security and streamlined operations. Anish Kapoor, CEO of AccessPay, highlighted the necessity for customers to automate “high-volume, high-value payments with confidence,” noting that robust safeguards are now built directly into their existing processes [1]. By verifying data upfront, the system reduces the administrative burden associated with payment resubmissions, exception handling, and manual interventions, thereby improving overall operational efficiency [1].
Strategic Alignment
This alliance leverages the distinct strengths of both entities. AccessPay, established in 2012 and headquartered in Manchester, specializes in bank integration solutions that connect corporate back-office systems to global banking networks [1]. PayPoint contributes its extensive expertise as a multichannel payments provider, underpinned by its MultiPay platform and recognition as a Gold Partner at the Open Banking Expo 2025 [1]. Together, they provide a comprehensive shield against fraud risk while facilitating the smooth flow of financial data.