IBAN Payer Service Provider 
Fintech Finance
JANUARY 21, 2025
The EPC VOP scheme relies on exchanging VOP messages between payer and payee PSPs in accordance with the rules set out in the VOP rulebook and implemented on the basis of application programming interfaces (APIs) designed by the EPC.
The Fintech Times
JANUARY 7, 2025
In this regard, over the years, CBI has developed several open banking and open finance services. This service is compliant to new requirements and legislations, more particularly, the Instant Payment Regulation, which defines that Instant credit transfers need to be accompanied by a ‘Verification of Payee’ service.
The Fintech Times
FEBRUARY 28, 2024
Payment service providers such as banks, which provide standard credit transfers in euro, will be required to offer the service of sending and receiving instant payments in euro. The regulation takes into consideration particularities of non-euro area entities. This requirement will apply to regular transfers too.
Neopay
NOVEMBER 27, 2023
Under the planned rules, payment service providers, such as banks, which provide standard credit transfers in euro, will also be required to offer the service of sending and receiving instant payments in euro at no extra charge.
Fintech Finance
APRIL 9, 2024
With the delivery of Verification of Payee, the Company will support payment service providers (PSPs) in offering IBAN/name matching services to their customers for their SEPA transactions. EBA CLEARING’s Verification of Payee will be aligned with the respective scheme of the European Payments Council.
EBizCharge
APRIL 25, 2024
When someone initiates an EFT, the payer’s bank sends a message to the recipient’s bank through a secure system with instructions to credit the account with the specified amount. This means transactions can happen without any manual handling of money.
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