Finextra

AUGUST 8, 2024

Australian Payments Plus (AP+) and the Australian Banking Association (ABA) have completed the design specs for a new national Confirmation of Payee service, providing another layer of protection against scammers.

Payee 129

Payee Service Provider Payments 129

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 59

Payee Verification API Payer 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

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 98

Payee Verification IBAN Cross-Border 98

Fintech Finance

SEPTEMBER 18, 2024

Paynetics , a leading provider of embedded finance services, partners tell.money to implement the Confirmation of Payee (CoP) service. The collaboration ensures that Paynetics takes advantage of tell.money’s CoP service, allowing partners to embed financial services while staying fully covered with minimal effort.

Payee 105

Payee Embedded Finance Fraud Detection Compliance 105

The Fintech Times

JANUARY 7, 2025

Enhancing security Some of these services are the Check IBAN, Name Check CBI and CBI Safe Trade, all designed to combat frauds and deliver greater security.Moreover, these solutions are fully in line with the Sustainable Development Goals (SDGs) identified by the United Nations 2030 Agenda.

Value Added Service 105

Value Added Service Finance Cross-Border Payments Payee 105

Fintech Finance

JULY 3, 2024

PayPoint today announces a call to arms for Group 2 Payment Service Providers (“PSP”) yet to implement the Confirmation of Payee (CoP) service ahead of the mandated deadline of 31 October 2024, to take action now. The service was developed and owned by Pay.UK

Payee 98

Payee Payment Service Provider (PSP) Payment APIs and Integration Service Provider 98

Fintech News

MARCH 4, 2025

LSEG Risk Intelligence has launched its Global Account Verification (GAV) service in Asia-Pacific and Europe, the Middle East, and Africa, expanding efforts to enhance security in cross-border payments. By October 2025, Eurozone providers must conduct mandatory account name-IBAN checks for transactions.

Verification 106

Verification Risk Accounts Cross-Border Payments 106

Fintech Finance

APRIL 13, 2025

Paysera , a financial technology company with 20 years of market experience, has announced a strategic partnership with iPiD, a global provider of payee verification solutions. The VoP requirements will come into effect for all licensed payment service providers by October 2025.

Verification 81

Verification Compliance Payee IBAN 81

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 59

Regulatory Compliance Compliance Cross-Border Payments Cross-Border 59

Fintech Finance

OCTOBER 9, 2024

This service provides an additional layer of security for financial transactions, thus helping to reduce the risk of fraudulent activity and accidental misdirection of payments. Through this collaboration, PSPs connected to this interoperable solution will gain access to a crucial verification service. The post CBI and SEPAmail.eu

IBAN 105

IBAN Interoperability Payee Verification 105

The Fintech Times

DECEMBER 18, 2024

Over these years, CBI has developed several open banking and open finance services and achieved a variety of goals at national and international level. This service covering 98 per cent of the Italian market share, allows providers to operate more efficiently in fraud prevention.

Finance 115

Finance IBAN Fraud Prevention Interoperability 115

Fintech Finance

FEBRUARY 6, 2025

Through the partnership with Banfico, ACI will support UK and European banks and payment service providers (PSP) to comply with mandates to offer Confirmation of Payee (CoP) and Verification of Payee (VOP) services.

Payment Service Provider (PSP) 59

Payment Service Provider (PSP) Instant Payments Verification FinTech 59

Stax

NOVEMBER 13, 2024

Payee control – Customers can set up ACH debit payments that are controlled by the payee. No processing fees – Neither the payee nor the payer are liable to pay any fees for processing an ACH debit. Generally payment processors keep ACH pricing low, as do any other service providers involved.

ACH 88

ACH ACH Network Payer Payee 88

Finextra

OCTOBER 16, 2024

Following a public consultation on the proposed Verification Of Payee (VOP) scheme rulebook and the proposed European Payments Council’s (EPC) recommendations for the matching processes under the VOP scheme rulebook, the EPC is launching the first version of the VOP scheme rulebook developed to support payment service providers (PSPs) in the Single (..)

Payee 52

Payee Verification Instant Payments Legal 52

Fintech News

OCTOBER 27, 2024

By holding these entities accountable, the SRF enhances consumer protection and provides clear avenues for victim recourse in cases of phishing-related losses. A 12-hour cooling-off period is required for the activation of digital security tokens and new device logins to e-wallets, reducing the risk of unauthorized access.

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Phishing Scams Blocks Authorization 133

Fintech Finance

JULY 11, 2025

Major milestones have been reached on Confirmation of Payee, Faster Payment transactions, Authorised Push Payment (APP) reimbursement, card fee reviews and potential remedies proposed. The PSR continued the rollout of Confirmation of Payee requirements across Faster Payments, covering more than 99% of transactions.

Payee 52

Payee Faster Payments Push-to-Card Regulations 52

Finextra

DECEMBER 16, 2024

Modulr, a leading digital payment services provider, is today announcing a significant new contract with His Majestys Revenue and Customs (HMRC) for the provision of Confirmation of Payee (CoP) services.

Payee 52

Payee Security Digital Payments Service Provider 52

Finextra

OCTOBER 11, 2024

Following a public consultation on the proposed Verification Of Payee (VOP) scheme rulebook and the proposed European Payments Council’s (EPC) recommendations for the matching processes under the VOP scheme rulebook, the EPC is launching the first version of the VOP scheme rulebook developed to support payment service providers (PSPs) in the Single (..)

Payee 52

Payee Verification Instant Payments Legal 52

Fintech Finance

FEBRUARY 5, 2025

Numeral , a Mambu company, a leading payment technology provider for financial institutions, today announces the launch of its fully managed Verification of Payee (VOP) solution, empowering financial institutions to comply with the European Unions VOP regulation by the October 9, 2025 deadline. Download the guide at www.numeral.io/guides/guide-to-verification-of-payee

Payee 59

Payee Verification Compliance Payment APIs and Integration 59

The Payments Association

JUNE 16, 2025

All solutions trialled were able to achieve “final and irrevocable offline CBDC payments,” meaning that once funds were transferred, the payee could spend them immediately, without needing to reconnect to the central ledger. If the request is accepted, funds are immediately transferred from the payer’s device to the payee’s device.

Settlement 88

Settlement CBDC Payment APIs and Integration Privacy 88

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.

Verification 98

Verification Payee Payer Security 98

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

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. 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.

Payee 52

Payee Verification Instant Payments Regulatory Compliance 52

Fintech Finance

MAY 7, 2024

CLOWD9 , the world’s pioneering cloud-native issuer processing platform, has announced the selection of tell.money as its strategic Software-as-a-Service (SaaS) partner to revolutionise Confirmation of Payee (CoP) and open banking compliance in the UK and European markets.

Payee 52

Payee Accreditation Compliance Issuers 52

The Payments Association

DECEMBER 2, 2024

The aim of the regulation was to mandate Payments Service Providers (PSPs) to offer credit transfers in euros and instant credit transfer services. As part of this, PSPs are required to offer services that verify the payee’s identity before executing a credit transfer.

Regulations 88

Regulations Instant Payments Consumer Protection Payments 88

The Paypers

APRIL 4, 2024

Singapore-based fintech iPiD has launched the ‘Verification of Payee: The Race to Compliance’ guide for payment service providers.

Service Provider 41

Service Provider Payee Verification Payments 41

The Paypers

MARCH 19, 2024

Europe-based Open Banking service provider LUXHUB has announced the launch of its Payee Verification Platform, aiming to simplify the implementation of the VoP mandate.

Payee 41

Payee Verification Service Provider 41

Fintech Finance

MAY 21, 2024

The deadline from the UK Payment Systems Regulator for Payment Service Providers is 31 October 2024 (Specific Direction 17). The deadline in Europe for Verification of Payee, based on the Instant Payment regulation, is October 2025. The SurePay solutions, now available via FIS, help UK and EU PSPs comply with these changes.

Payee 52

Payee Verification Regulatory Compliance Scams 52

Fintech Finance

JANUARY 30, 2024

AccessPay , the leading provider of bank integration, today announced the addition of Confirmation of Payee (CoP) and Sanctions Screening capabilities to its Fraud & Error Prevention Suite 1 , launched in 2023.

Payee 52

Payee Money Laundering Non-Bank Checks 52

Neopay

APRIL 8, 2024

This extends the current requirement, which mandates crediting the transaction amount to the payee’s account by the end of the next business day. However, exemptions exist for businesses, regardless of size, that must make timely payments to suppliers, subject to agreement with their payment service provider.

Service Provider 52

Service Provider Due Diligence Fraud Prevention Payments 52

The Paypers

JANUARY 15, 2025

UK-based digital payment services provider Modulr has signed a contract with HM Revenue & Customs (HMRC) to supply Confirmation of Payee (CoP) services.

Payee 36

Payee Security Digital Payments Service Provider 36

Finextra

FEBRUARY 28, 2024

OneID & SurePay's alliance aims to fortify businesses with an enhanced layer of protection, bolstering their ability to combat the increasing threat of online fraud.

Service Provider 40

Service Provider Payee 40

Finovate

MAY 2, 2025

Middle East and Northern Africa UAE-based Islamic bank Ruya introduced a new service to enable customers to trade cryptocurrencies via its mobile app. The MENA Fintech Association (MFTA) welcomed Iraq-based digital payments and identity services provider International Smart Card (ISC).

Online and Mobile Banking 65

Online and Mobile Banking Cross-Border Payments Cross-Border API 65

The Paypers

APRIL 20, 2023

Payment verification solutions provider SurePay has launched an online portal that enables UK-based banks and payment service providers (PSPs) to perform Confirmation of Payee checks.

Payee 36

Payee Checks Verification Service Provider 36

PYMNTS

JANUARY 21, 2021

Global financial services provider iBanFirst has launched a Payment Tracker that will offer transparent, real-time tracking services, according to a press release emailed to PYMNTS. While it was initially developed for foreign currency payments, it can also work with eurozone (SEPA) transfers, the release stated.

B2B 87

B2B Transactions Payee Payer 87

Fintech Finance

APRIL 7, 2025

The report provides a detailed examination of how directory services can enhance the efficiency, security, and reach of instant payments. Directory services play a key role in addressing these challenges by enabling seamless routing of payments and protecting sensitive payment credentials.

Instant Payments 98

Instant Payments Faster Payments FPC Interoperability 98