Arthur LegourdWith the implementation of the Verification of Payee (VoP) standard in October 2025, European banks are now required to systematically verify the consistency between a beneficiary's name and their IBAN before executing a payment. This requirement applies equally to...
Updated on 4/22/2025Arthur LegourdThe European Payments Council and Swift (the company responsible for implementing the EPC Directory Service) have recently released a specifications document detailing the operation of the EDS within the VOP Scheme. This document is aimed directly at VOP Scheme...
Updated on 3/2/2025Arthur LegourdThe upcoming entry into force of the Instant Payments Regulation (IPR) requires all regulated payment service providers, e-money institutions, and credit institutions to implement a Verification of Payee (VoP) service—also known as IBAN Name Check ....
Updated on 2/3/2025Arthur LegourdWith the implementation of the Instant Payments Regulation (IPR), many banks and fintechs across Europe are preparing to deploy a Verification of Payee (VoP) solution. While verifying individuals is relatively standardized, verifying businesses presents unique challenges. We have analyzed...
Updated on 1/21/2025Arthur LegourdFor payment service providers (PSPs), implementing a VoP system in 2025 requires a critical decision: should they opt for a Routing and Verification Mechanism solution (RVM) or invest in building their own in-house system? ...
Updated on 1/17/2025Arthur LegourdWith the 2025 deadline for Verification Of Payee (VOP) compliance fast approaching, European banks must act now to ensure they’re prepared for this crucial regulatory shift. VoP is becoming a mandatory requirement for all EU...
Updated on 1/13/2025Arthur LegourdQombo is proud to introduce its Verification of Payee (VoP) solution, designed to boost payment security and ensure compliance with the Instant Payments Regulation (IPR). This innovative service provides Payment Service Providers (PSPs) with pan-European coverage,...
Updated on 1/9/2025