IBAN and Interoperability - Payments Space

CBI and SEPAmail.eu Signed an Agreement to Set Up an Interoperable IBAN-Name Check – Verification of Payee (VoP) Solution

Fintech Finance

OCTOBER 9, 2024

and CBI joins their IBAN-Name Check expertise at the service of their respective communities in order to offer an interoperable solution to fight against fraud. The IBAN Name Check – VoP Service, is designed to ensure that IBAN codes are correctly matched with the names of beneficiaries before payments are processed.

IBAN

IBAN Interoperability Payee Verification

The Evolution of Open Finance Through the Lens of CBI

The Fintech Times

DECEMBER 18, 2024

Tackling fraud CBIs response to increasing fraud and misdirection of payments is evident in a range of services, such as: Check IBAN, Name Check, CBI GO and CBI Safe Trade. This service facilitates Public Administration and corporates in fulfilling their fraud prevention activities vis--vis their customers (e.g.

Finance

Finance IBAN Fraud Prevention Interoperability

EPC Selects Swift for the EPC Directory Service

Fintech Finance

JANUARY 21, 2025

In the architecture of the VOP scheme, the EDS enables reachability and interoperability between VOP scheme participants. The EDS wont store any personal data or IBAN, as it will only be used for routing purposes between business entities (PSPs and RVMs).

SWIFT

SWIFT Payee IBAN RFP

Ripple Payments Combines With OpenPayd Fiat Infrastructure to Simplify Global Money Movement

The Fintech Times

JULY 3, 2025

Through the new partnership, OpenPayd will support Ripple’s cross-border payments solution, Ripple Payments, with its global fiat infrastructure, including real-time payment rails, multi-currency accounts and virtual IBANs.

Cross-Border Payments

Cross-Border Payments Cross-Border Stablecoins Interoperability

CBI’s Leadership in Open Finance: Expanding Value-Added Services Through Collaboration

The Fintech Times

JANUARY 7, 2025

Enhancing security Some of these services are the Check IBAN, Name Check CBI and CBI Safe Trade, all designed to combat frauds and deliver greater security.Moreover, these solutions are fully in line with the Sustainable Development Goals (SDGs) identified by the United Nations 2030 Agenda.

Value Added Service

Value Added Service Finance Cross-Border Payments Payee

Mashreq Becomes the First Bank in the UAE to Offer Aani Instant Payments for SMEs via Mashreq Biz App

Fintech Finance

MAY 27, 2025

Mashreq , one of the leading financial institutions in the MENA region, has announced the launch of Aani Instant Payments, a new solution enabling SME businesses to collect payments from their customers instantly, securely, and seamlessly with no IBAN required.

Instant Payments

Instant Payments Real Time Payments IBAN Payments

CBI and SEPAmail.eu to set up an interroperable verification of payee service in Italy and France

Finextra

OCTOBER 9, 2024

and CBI joins their IBAN-Name Check expertise at the service of their respective communities in order to offer an interoperable solution to fight against fraud. SEPAmail.eu

IBAN

IBAN Payee Interoperability Verification

CBI and Banfico Partner to Expand Global Reach of Verification of Payee Service

Fintech Finance

SEPTEMBER 24, 2024

In particular, CBI’s VoP service, called Name Check, is designed to ensure that IBAN codes are correctly matched with the names of beneficiaries before payments are processed. This verification process is crucial in mitigating fraud, preventing payment errors, and ensuring that funds are accurately directed to the intended recipients.

Payee

Payee Verification IBAN Cross-Border

RoPay Officially Launches – the First National Mobile Instant Payment Service

Fintech Finance

OCTOBER 15, 2024

Developed by TRANSFOND, RoPay is an instant mobile payment initiation service that enables direct account-to-account transfers (A2A), utilizing technologies such as QR code scanning, deep links, NFC (contactless), or mobile numbers as proxies (aliases) for IBANs.

Instant Payments

Instant Payments Online and Mobile Banking Processors Payments

SurePay Partners with Swift to Bring Confirmation of Payee Solution to Banks Across the Globe

The Fintech Times

MARCH 31, 2024

SurePay , the IBAN-name check provider, confirmation of payee (CoP) and verification of payee (VoP) to over 100 banks, has expanded its services following a strategic agreement with Swift , the messaging network, and the integration of Swift’s payment pre-validation service.

Payee

Payee SWIFT Cross-Border Cross-Border Payments

Real-time payments: The innovation opportunity many banks are missing

The Payments Association

APRIL 23, 2025

Systems that verify the IBAN matches with the intended recipients name notably a feature not previously mandatory in SEPA credit transfers are now compulsory. The verification of payee (VoP) requirement represents another challenge that must be addressed by October, adding further pressure to banks.

Real Time Payments

Real Time Payments Innovation Instant Payments Payments

Botim becomes the first fintech platform to offer CBUAE’s Aani solution via Al Etihad Payments

Fintech Finance

FEBRUARY 6, 2024

Aani simplifies the payment process by allowing instant fund transfers using only the recipient’s mobile number, email or a QR code, thus eliminating the need to ask for or remember complex IBANs. Aani sets a new industry standard by offering full interoperability across all payment services, enabling instant digital payments 24/7.

FinTech

FinTech Funds Transfer P2P IBAN

Banking Circle Enhances European Payment Capabilities with Swiss Interbank Clearing (SIC) Access

Fintech Finance

JUNE 2, 2025

This latest development represents major progress in the bank’s mission to build a global payments platform with interoperability at its core and deliver instant, low-cost, scalable cross-border solutions across Europe.

Real Time Gross Settlement (RTGS)

Real Time Gross Settlement (RTGS) Payment APIs and Integration Multi-Currency Cross-Border

Banking Circle Now Provides Access and Account Infrastructure for 5 of 12 Major Currencies in Europe

The Fintech Times

JUNE 2, 2025

Banking Circle , the global clearing provider, has made major progress in its effort to build a global payments platform with interoperability at its core, as it strengthens its embedded financial infrastructure with direct access to the Swiss National Bank ‘s Swiss Interbank Clearing (SIC) system.

Real Time Gross Settlement (RTGS)

Real Time Gross Settlement (RTGS) Payment APIs and Integration Accounts Multi-Currency

Amid Inflation Worries, Colombian Fintech Taps Euro Yields to Protect Latin Americans’ Savings

Fintech Review

FEBRUARY 25, 2025

This new offering allows Littio users in Latin America and Europe to instantly create a EURO IBAN account and earn stable yield on their holdings, with no minimums, which is unmatched by any other EUR-based bank account options on the market today. These are not people without bank accounts.

IBAN

IBAN FinTech Stablecoins Blockchain

Payments Space

CBI and SEPAmail.eu Signed an Agreement to Set Up an Interoperable IBAN-Name Check – Verification of Payee (VoP) Solution

The Evolution of Open Finance Through the Lens of CBI

Trending Sources

EPC Selects Swift for the EPC Directory Service

Ripple Payments Combines With OpenPayd Fiat Infrastructure to Simplify Global Money Movement

CBI’s Leadership in Open Finance: Expanding Value-Added Services Through Collaboration

Mashreq Becomes the First Bank in the UAE to Offer Aani Instant Payments for SMEs via Mashreq Biz App

CBI and SEPAmail.eu to set up an interroperable verification of payee service in Italy and France

CBI and Banfico Partner to Expand Global Reach of Verification of Payee Service

RoPay Officially Launches – the First National Mobile Instant Payment Service

SurePay Partners with Swift to Bring Confirmation of Payee Solution to Banks Across the Globe

Real-time payments: The innovation opportunity many banks are missing

Botim becomes the first fintech platform to offer CBUAE’s Aani solution via Al Etihad Payments

Banking Circle Enhances European Payment Capabilities with Swiss Interbank Clearing (SIC) Access

Banking Circle Now Provides Access and Account Infrastructure for 5 of 12 Major Currencies in Europe

Amid Inflation Worries, Colombian Fintech Taps Euro Yields to Protect Latin Americans’ Savings

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