Today, April 25, the public consultation on the Confirmation of Payee Scheme Rulebook has started. The aim of the Confirmation of Payee Rulebook is to enable confirmation of a payee’s (payment recipient) payment details to before making a payment.
All NPC stakeholders and members are encouraged to provide feedback on the suggested rulebook until August 15, 2022, to be introduced into the the final versions of the NPC Confirmation of Payee Scheme (versions 1.0). This public consultation is held to ensure that the payment schemes reflect the needs and evolution of the payment market, NPC’s members and their customers.
The final version of the NPC Confirmation of Payee Scheme is planned to be published in November 2022 and enter into effect at the same date.
More details regarding the public consultation and how to provide feedback, are found on this page.