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 59

Payee SWIFT Cross-Border Cross-Border Payments 59

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 64

IBAN Payee Interoperability Verification 64

Finextra

JUNE 12, 2024

FinextraTV and Banfico’s CEO Kannan Rasappan explore all the current moving pieces of the puzzle for payments service providers in the EEA region, dive deep into the biggest challenges ahead of compliance with the incoming instant payments regulation in October 2025 and how Verification of Payee will impact this.

Interoperability 59

Interoperability Regulations Cross-Border Payments Cross-Border 59

Fintech Finance

APRIL 4, 2024

iPiD , a leading payment validation solutions provider, today announced the publication of a pivotal whitepaper, “Verification of Payee: The Race to Compliance,” authored by CEO Damien Dugauquier. The paper is now available on the iPiD website at www.ipid.tech/verification-of-payee-the-race-to-compliance.

Payee 40

Payee Service Provider Verification Compliance 40

The Fintech Times

JUNE 19, 2024

The EU’s Instant Payments Regulation mandates the Verification of Payee (VoP) for cross-border payments within the Single European Payment Area (SEPA) by October 2025. One in five expect to be more competitive.

Instant Payments 59

Instant Payments SWIFT Cross-Border Payments Regulations 59

PYMNTS

MAY 30, 2018

Inside the new Smarter Payments Tracker , PYMNTS explores the latest interoperability developments that are helping banks and FinTechs open up new lines of communication and speak a common language. Recognizing the need to rise to customer expectations, many FIs around the globe are turning to APIs to promote greater interoperability.

Payment APIs and Integration 52

Payment APIs and Integration ISO 20022 Interoperability NACHA 52

The Payments Association

APRIL 23, 2025

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

Real Time Payments 88

Real Time Payments Innovation Instant Payments Payments 88

Neopay

NOVEMBER 26, 2024

Key concerns include sanction screening, anti-money laundering (AML) requirements, fraud detection, and the Verification of Payee protocols. The ISO 20022 Transition A significant aspect of compliance is the adoption of the ISO 20022 standard, which enhances data richness and interoperability in financial messaging.

Instant Payments 52

Instant Payments ISO 20022 Regulations ISOs 52

M2P Fintech

MARCH 28, 2024

It leverages Aadhaar, a unique identification number, as the sole credential for user authentication and verification. It aims to streamline verification, enhance accuracy, and promote financial inclusion. Unlike widely accepted open-loop systems like Visa, they offer limited interoperability.

FinTech 59

FinTech Online and Mobile Banking Push-to-Card Payer 59

PYMNTS

JUNE 25, 2018

After all, companies often verify their users through data like home addresses, IP addresses or answers to security verification questions. That means anyone can use account takeovers to commit fraud. Recent breaches at big name companies have only made the problem worse, he added.

Account Takeovers 46

Account Takeovers Breach Compromise Payments 46

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. In October 2024, CBI partnered with SEPAmail to offer an interoperable solution aimed at combating fraud in the payments sector.

Value Added Service 105

Value Added Service Finance Payee Cross-Border Payments 105

The Fintech Times

DECEMBER 18, 2024

Check IBAN allows online verification of the association between IBAN code and Fiscal Code/VAT, provided by a natural or legal entity, both in the Italian and European market. This service facilitates Public Administration and corporates in fulfilling their fraud prevention activities vis--vis their customers (e.g.

Finance 115

Finance IBAN Fraud Prevention Interoperability 115

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. This is an example of how the scale of the Swift network can be leveraged to interoperate market infrastructures to enhance the user experience.

SWIFT 88

SWIFT ISO 20022 Cross-Border Cross-Border Payments 88

The Payments Association

JANUARY 14, 2025

Mark O’Keefe (TPA) suggested that allowing customers to customise their security thresholdsfor example, setting transaction limits above which additional verification steps are triggeredcould empower users without compromising safety. “The idea is to eliminate the visibility gap,” she explained.

Fraud Prevention 88

Fraud Prevention Financial Crimes Crime Participant 88