How can Confirmation of Payee benefit me?

The service can help you make better decisions about whom to pay by helping you avoid certain types of fraud, like when a fraudster contacts a victim pretending to be someone else and persuades you to make payments to a fraudster’s bank account. Even with the goal of decreasing fraud, Confirmation of Payee does not stop all types of fraud even if the result is a match. You should stop and question if you are unsure that the request is genuine, suspect anything is wrong or are being pressured into making a payment.