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

Fintech Finance

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. This verification process is crucial in mitigating fraud, preventing payment errors, and ensuring that funds are accurately directed to their intended recipients. SEPAmail.eu

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EPC Selects Swift for the EPC Directory Service

Fintech Finance

In the architecture of the VOP scheme, the EDS enables reachability and interoperability between VOP scheme participants. The EDS will be accessible to scheme participants adhering to the VOP scheme and to the Routing and Verification Mechanisms (RVMs) operating on their behalf.

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RT2: A strategic transformation for UK payment providers

The Payments Association

It enhances resilience, broadens access, improves interoperability, and enables innovation, thereby modernising the UK’s financial infrastructure. RT2 offers four key advancements: enhanced resilience, expanded access, wider interoperability, and improved functionality. Why is it important? What’s next?

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The Evolution of Open Finance Through the Lens of CBI

The Fintech Times

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.

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Numeral Unveils Fully Managed Verification of Payee (VOP) Solution

Finovate

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

The Fintech Times

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.

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Can Crypto Firms Catch Up on Compliance Gaps as Regulations Evolve?

Fintech News

Source: Sumsub Key issues include weak risk assessments, delayed rollout of the Travel Rule, and a lack of interoperability among compliance tools. VASPs must act decisively by adopting robust, interoperable risk mitigation frameworks that meet global standards and enable secure cross-border data exchange.