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. The result: 30% more effective fraud prevention, higher customer satisfaction, reduced liability for banks, and a safer payment experience for consumers.

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Payee Verification Cross-Border Payments Cross-Border 52

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 59

Payee Verification Instant Payments Regulations 59

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 52

Payee On-Demand Verification Payment APIs and Integration 52

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).

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Payee Verification IBAN End User 98

The Fintech Times

JANUARY 7, 2025

Name Check CBI (Verification of payee VoP), is offered by CBIto mitigate fraudattempts, avoid misdirection ofpayments and enhance the stability of the financial market, forbothretailand corporatecustomers. It is offered by the payers PSPs to their users, both for domestic and cross-border payments in euro.

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Value Added Service Finance Payee Cross-Border Payments 105

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) 59

Payment Service Provider (PSP) Instant Payments Verification FinTech 59

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.

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Payee Verification Instant Payments Regulations 105

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.

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Payee Verification API Payer 59

PYMNTS

JANUARY 25, 2021

It combines the open banking platform with instant payment rails and can accelerate know your customer (KYC) and anti-money laundering (AML) processes. and will roll out across Europe in the next couple of months, but Soliman said the ease of use within the nascent instant payments space makes it ready to go mainstream.

Instant Payments 120

Instant Payments Push-to-Card Payments Money Laundering 120

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.

Instant Payments 105

Instant Payments ISO 20022 Regulations Fraud Detection 105

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.

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Payee Verification Financial Crimes Payment APIs and Integration 36

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.

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Instant Payments Fraud Prevention Payee Real Time Payments 59

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.

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Finance IBAN Fraud Prevention Interoperability 115

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 post CBI and SEPAmail.eu

IBAN 105

IBAN Interoperability Payee Verification 105

PYMNTS

MARCH 17, 2020

While some geographies have opted to collaborate with the private sector to develop their own national instant payment networks, others are adopting solutions like RippleNet and SWIFT gpi to modernize their banks’ capabilities. Hungary Welcomes Instant Payments. Curacao Takes Steps Toward Instant Payments.

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Instant Payments Payment Networks Cross-Border Payments Cross-Border 98

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.

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Verification Payee Account Validation Payments 109

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.

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Payee Verification IBAN Cross-Border 98

The Fintech Times

FEBRUARY 3, 2025

per cent of transactions in 2024, with fraudsters increasingly leveraging artificial intelligence tools to target financial institutions, according to new research from AuthenticID, an identity verification provider. Identity fraud rates reached 2.1

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Deepfake Account Takeovers Identity Theft Scams 81

Fintech Finance

JUNE 8, 2025

Smartphones have become one of the most trusted tools for identity verification today, used instinctively and seamlessly to confirm purchases, access medical records, even unlock homes with just a fingerprint or a glance. Yet when it comes to accessing financial services, phones are rarely included.

Online and Mobile Banking 86

Online and Mobile Banking Authentication Credential Verification 86

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.

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Embedded Finance Finance Payee Instant Payments 52

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. Harnessing the benefits of instant payments in Europe.

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SWIFT Instant Payments Cross-Border Payments Cross-Border 97

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.

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Verification Payee Payer Security 98

Finovate

MARCH 24, 2025

The first full week of spring is bringing news of partnerships in fraud prevention, lending, and insurtech as well as new product launches in regtech and payments. Fraud prevention and identity verification Wisconsin-based community bank IncredibleBank partners with Alloy to enhance its account opening process.

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FinTech Fraud Prevention Encryption Risk Assessment 85

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.

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Regulations Instant Payments Consumer Protection Payments 88

Fintech News

MARCH 3, 2025

The feature allows transfers in local currencies to more than 40 countries via bank transfers and instant payment methods like DuitNow, GCash, and UPI in select countries. The service simplifies international money transfers, enabling direct transfers to overseas bank accounts or through these fast payment options.

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Multi-Currency Cross-Border Payments Cross-Border Transaction Limits 105

Payments Dive

OCTOBER 10, 2023

The service, built on top of the Fed’s instant payments network, allows customers to verify a bank account within 15 seconds before sending a payment, Orum said.

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FedNow Accounts Verification Fed 113

Fintech Finance

FEBRUARY 5, 2025

Transfeera , a company from PayRetailers group specialising in financial solutions, has enhanced its Pix payment capabilities to support betting operators in Brazil as they adapt to new sports betting regulations that took effect on 1 January 2025. These tools streamline onboarding and prevent incorrect or fraudulent payments.

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Regulations Central Bank Account Validation Fraud Prevention 72

The Fintech Times

JANUARY 7, 2025

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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Payer Payee Verification Instant Payments 59

Paystand

AUGUST 8, 2024

Table of Contents What is a Payment Verification? What is the Reason for Payment Verification? Payment Verification Methods The Rise of Instant Payment Verification Blockchain-Enabled B2B Payments

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Verification Fraud Prevention Digital Payments Instant Payments 64

Fintech Finance

DECEMBER 3, 2024

PayRetailers , a leading payment processor in Latin America and Africa, has launched an enhanced Pix payment solution to assist betting operators in Brazil as they prepare for the new sports betting regulations set to take effect on 1 January 2025.

Regulations 98

Regulations Account Validation Compliance Automation 98

PYMNTS

OCTOBER 16, 2020

In today’s top news in digital-first banking, Mizuho Bank, JCB and Fujitsu will pilot a blockchain-based identification system, while BBVA participated in an instant payments experimental effort in the U.K. BBVA Participates in Pilot for Instant Payments in Britain.

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Instant Payments Blockchain Central Bank SWIFT 85

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 117

Fraud Prevention Global Payments Payee Verification 117

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.

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Instant Payments Regulations Payee Verification 59

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.

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Interoperability Instant Payments Cross-Border Payments Cross-Border 59

PYMNTS

MARCH 21, 2019

While from a consumer standpoint, the payment process in healthcare might look like a payor cuts a check and a payee gets it in the mail, Bloh noted that the process is rarely that simple. This is where the networks have a big advantage, because of the verification system[s] they have built in.

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Instant Payments Innovation Payments Visa 60

Finextra

JULY 3, 2024

At EBAday 2024, Sheri Brandon, Chief Market Officer, Northern & Western Europe, Worldline, sets the scene around the challenges and strategies that permeate when implementing instant payments, including short deadlines that must be met amid many other ongoing regulation projects.

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Instant Payments Liquidity Management Payee Verification 59

Fintech Finance

APRIL 9, 2024

EBA CLEARING has announced that it will provide its service users with Verification of Payee at a pan-European level as from December 2024. The roll-out of Verification of Payee is one element in the comprehensive preparation programme that the Company is engaging in with its user community to take instant payments to the next level.

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Payee Verification Instant Payments Regulatory Compliance 52