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Tietoevry Banking Registration Enables it to Verify Payer and Payee Identities for European Banks

The Fintech Times

Tietoevry Banking , a financial software solution provider based in the Nordics, has registered with the European Payments Council as a provider of routing and verification mechanisms (RVM) for verification of payee (VoP) solutions.

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Singapore to Launch Two New e-Payment Solutions in Mid-2025 to Phase Out Cheques

Fintech News

EDP will cater to post-dated payments, deducting funds from the payer’s account upon presentment by the payee. Both solutions will be accessible through digital banking platforms and integrated with PayNow for seamless payee identification. It also outlines proposed initiatives to ease the transition.

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On-Demand – The final countdown: What’s next for Verification of Payee?

Finextra

Webinar The final countdown: What’s next for Verification of Payee? The Verification of Payee (VOP) deadline is just around the corner. Could VoP become the global standard for payee verification, similar to how GDPR reshaped data privacy? However, the need for Payee Verification, aka KYP (Know Your Payee), goes beyond Europe.

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EBA CLEARING Launches SEPA-Wide VOP Solution

Fintech Finance

The new solution supports payment service providers (PSPs) in offering Verification of Payee services to their customers that fulfill the requirements of the Instant Payments Regulation (IPR) and of the VOP Scheme developed by the European Payments Council (EPC). EBA CLEARING today announced the launch of its SEPA-wide VOP solution.

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Banqup Group and iPiD Join Forces to Strengthen Payment Security and Tackle Invoice Fraud

Fintech Finance

Banqup Group , the company behind the trusted digital platform Banqup, has announced a partnership with iPiD , a global leader in payee verification technology. This move directly addresses one of the most common forms of business fraud—manipulated or spoofed payment instructions in digital invoices. “At

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Modulr Acquires Accounts Payable Automation Disruptor Nook

Fintech Finance

Both companies share a mission to address inefficiencies, remove manual steps and enhance the security of business payments. Security and efficiency remain central to both platforms, with features such as Confirmation of Payee (CoP) to validate account details in real-time, helping prevent fraud across payment processes.

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U.S. Faster Payments Council Publishes International Report on Mitigating Faster Payments Fraud

Fintech Finance

.” The report highlights essential fraud mitigation strategies such as enhanced authentication, transaction monitoring, and confirmation of payee practices, as well as the importance of information sharing and consumer protection. faster payments infrastructure. The post U.S.