Fintech Finance

JANUARY 21, 2025

The European Payments Council (EPC) is pleased to announce the start of the delivery project for the EPC Directory Service (EDS), after selecting Swift as supplier for the development and operations of the EDS and after signing an agreement at the end of 2024.

SWIFT

Fintech Finance

JULY 1, 2025

Belgian banks are the first in the Eurozone to go live with Verification Of Payee (VOP), well ahead of the October 2025 deadline set by the EU Instant Payments Regulation. This provides enhanced protection for cross-border payments within the EU—including for customers of these banks with accounts in other European countries.

Payee

Finextra

JULY 1, 2025

Belgian banks are the first in the Eurozone to go live with Verification Of Payee (VOP), well ahead of the October 2025 deadline set by the EU Instant Payments Regulation.

Payee

Fintech Finance

DECEMBER 12, 2024

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).

Payee

Finextra

JUNE 12, 2025

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.

Payee

The Payments Association

DECEMBER 2, 2024

2024 reshaped payments with instant payment mandates, crypto regulations, and enhanced consumer protection driving innovation and security. These changes are not just reshaping the way payments are processed however, also redefining the responsibilities of firms operating in this space.

Regulations

The Paypers

JUNE 12, 2025

Following this announcement, the collaboration is set to enable IFX Payments to leverage Form3’s Verification of Payee (VoP) solution for SEPA accounts, aiming to strengthen its defences against payment fraud and aligning with the Instant Payments Regulation mandate.

Payee

Finextra

MARCH 18, 2025

In March 2025, the Eurosystem completed exploratory work for offering a Verification of Payee (VoP) service for payment service providers (PSPs) in SEPA, helping them comply with the EUs Instant Payments Regulation across credit transfers in Euro.

Payee

Fintech Finance

FEBRUARY 6, 2025

ACI Worldwide (NASDAQ:ACIW), an original innovator in global payments technology, has announced the extension of its fintech partnership ecosystem through an alliance with Banfico , a leading fintech specializing in regulatory technology, global account verification and Open Banking solutions. Additionally, Banfico is a Pay.UK-certified

Payment Service Provider (PSP)

The Fintech Times

APRIL 27, 2025

Instant payments are becoming significantly more attractive for US banks finds RedCompass Labs , the payments experts, as it finds that 84 per cent of US banks say the new $10million Real-Time Payment (RTP) network limit and $500,000 FedNow cap are a good thing. The report also reveals significant concerns around fraud.

RTP

Fintech Finance

JUNE 23, 2025

PingPong , the world-leading provider of embedded cross-border payment solutions for enterprises, today announces it will be using Form3 ‘s Verification of Payee (VoP) solution for SEPA account validation, giving PingPong a competitive edge by implementing compliance measures five months ahead of the October go-live date.

Regulatory Compliance

Finextra

MAY 29, 2025

At EBAday 2025, two expert panels explored the challenges of Verification of Payee and fraud prevention, as well as how growing volumes of instant and real-time payment systems impact PSPs and their customers.

Instant Payments

Finextra

JULY 2, 2025

As well as discussing the challenges for this autumn surrounding ISO20022, instant payments and verification of payee, he shares what he is most excited for within open and embedded finance across the next few years.

Embedded Finance

Finovate

FEBRUARY 5, 2025

Payment technology provider for financial institutions, Numeral, unveiled its fully managed Verification of Payee (VOP) solution this week. Numeral , a payment technology provider for financial institutions, launched its fully managed Verification of Payee (VOP) solution this week.

Payee

The Payments Association

JANUARY 15, 2025

Swift drives global interoperability and innovation, aligning with the UK’s National Payments Vision to enhance seamless, secure payments. The UKs payments landscape is at an inflexion point.

SWIFT

The Fintech Times

JANUARY 7, 2025

In recent years, the payments market has been marked by continuous dynamism, driven by disruptive innovations and the emergence of new paradigms based on open models. It is offered by the payers PSPs to their users, both for domestic and cross-border payments in euro.

Value Added Service

Stax

MARCH 27, 2025

A cash shortage, a payment delay, and limited payment options. Thats why 92% of consumers and 82% of companies reportedly made the switch to electronic payments, like Electronic Funds Transfers (EFT) and Automated Clearing House (ACH). EFT and ACH payments are fast, secure, and hassle-free. Which one should you choose?

ACH

Finextra

JULY 7, 2025

In short, from faster payments (60 percent quicker) to safer transactions and $40 million profit bumps from automated support, AI is quietly rewriting banking’s cost, risk and customer-experience equations in real time. Impact: Clients now engage with Erica about 2 million times per day, getting instant self-service help.

AI

The Fintech Times

DECEMBER 18, 2024

This transition has driven disruptive innovations in the payments space, redefining how financial services are delivered. To date, more than 80 per cent of the Italian banking industry has chosen theCBI Globeplatform, which streamlines telematic dialogues among payment service providers, fintechs, enterprises and public administrations.

Finance

Finextra

JUNE 13, 2025

Home News Crypto Shopify, Coinbase, Stripe bring USDC stablecoin payments to merchants Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Customers can pay with USDC from hundreds of supported crypto wallets, on guest checkout and with Shop Pay.

Stablecoins

The Fintech Times

MAY 28, 2025

From AI-driven compliance to the realities of scaling in the cloud, Temenos shares insights into whats influencing payments strategy in 2025, and where banks are still hitting resistance. Innovation in payments Innovation, Fennell says, is often about accelerating growth. All of that is part of innovating in the payment space.

Compliance

Finextra

JUNE 6, 2025

The traditional infrastructure uses only minimal information around the payment with truncation common along the payment path. 1481 Report Share Channels /payments /cloud Banking Strategy, Digital and Transformation Latest thinking in respect to Banking Strategy, Digital and Transformation.

Technology

Finextra

JUNE 24, 2025

Home Announcements Payments Unlimit to add card issuance to Mexican financial portfolio External This content is provided by an external author without editing by Finextra. Unlimit is a globally recognized leader in financial technology for payment processing, card issuance, and account management and has been active in Mexico since 2019.

Payment APIs and Integration

Finextra

JANUARY 7, 2025

Tietoevry Banking has registered with the European Payments Council as a provider of Routing and Verification Mechanisms (RVM) for Verification of Payee (VoP) as new instant payment regulations come into force across the Eurozone.

Payee

Fintech Finance

OCTOBER 23, 2024

The research aimed to evaluate the state of instant payments across the European banking sector. Key findings from the survey include: Only 33% of respondents reported that they are ready to meet the EU’s instant payment deadlines. Banks show similar alignment in their approach to sanction screening and fraud detection.

Instant Payments

Fintech Finance

APRIL 7, 2025

Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today published a new report, How a Directory Service Accelerates Instant Payments , produced by the FPC Directory Models Work Group.

Instant Payments

Fintech Finance

SEPTEMBER 24, 2024

The collaboration aims to share best practices in the Open Finance and Verification of Payee landscape, with the final goal of enhancing payment service providers’ value-added offerings and overall financial market efficiency.

Payee

Fintech Finance

JUNE 18, 2024

Swift today published the findings of research that shows Small and Medium Enterprises (SMEs) in the European Union feel positive about the EU’s Instant Payments Regulation, with many expecting it to save them money, improve their cashflow, and increase their competitiveness. One in five expect to be more competitive.

SWIFT

Fintech Finance

OCTOBER 9, 2024

This partnership enables the Italian and French communities, via their PSP, to secure their cross-border payments in offering a high added-value service to meet the requirements of the Instant Payment Regulation and beyond. The interoperable solution, developed by CBI and SEPAmail.eu The post CBI and SEPAmail.eu

IBAN

Fintech News

JUNE 10, 2024

Eastnets, a global compliance and payment solutions provider, has entered a strategic partnership with iPiD , a beneficiary name and bank account verification service. This collaboration aims to enhance payment security and efficiency for banks, corporations, and financial institutions on a global scale.

Fraud Prevention

Fintech News

JUNE 13, 2024

iPiD, a provider of payment verification solutions, has announced that its Global Bank Account Validation Deployment Kit is now available in the Microsoft Azure Marketplace. The increasing prevalence of digital and instant payments highlights the need for secure transactions. said Damien Dugauquier, Co-founder and CEO at iPiD.

Verification

PYMNTS

OCTOBER 1, 2020

consumers and 500 microbusinesses that receive disbursements, as well as 600 companies of all sizes that make disbursements on payout options, instant payment adoption and fees for these services, among other topics. 1: Instant disbursements as a percentage of all non-tax disbursements in the U.S. Fast Fact No. Fast Fact No.

Instant Payments

Fintech Finance

JANUARY 7, 2025

Tietoevry Banking , the leading provider of financial software solutions, is today announcing that it has registered with the European Payments Council as a provider of Routing and Verification Mechanisms (RVM) for Verification of Payee (VoP) solutions. For corporate customers, the number of irrecoverable invoices was reduced by 50%.

Verification

Finextra

JULY 4, 2024

At EBAday 2024, Marianne Demarchi, Chief Executive Europe, Middle East & Africa, Swift, focused on the incoming Instant Payments Regulation and Swift's recently released research on SMEs and cross border payments.

Interoperability

Finextra

JULY 2, 2024

At EBAday 2024, Kjeld Herreman, Head of Strategy Advisory, RedCompass Labs, discusses the fast approaching deadlines and how financial institutions can be best prepared for the SEPA instant payments regulation.

Instant Payments

PYMNTS

AUGUST 10, 2020

Instant payments are one of these solutions, allowing companies to digitally transfer funds 24/7 year-round. Consumers and other businesses can access their tax refunds, benefits, freelance income, insurance claims, dividend payments and other disbursements within 30 minutes of being paid — sometimes even within seconds.

Payee

The Fintech Times

MAY 13, 2024

CEC (Centre For Exchange And Clearing), the central point for channelling retail payment transactions between banks in Belgium, has plumped for SurePay to deliver verification of payee (VoP) services. ” The post SurePay to Lead Verification of Payee Integration in Belgian Banks appeared first on The Fintech Times. .

Payee