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

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

APRIL 29, 2025

iPiD Validate: Instantly Confirm Payee Details Through iPiD’s global API solution, Alfardan Exchange can now verify payee names and account numbers in real time, before a payment is sent. We’re proud to support their journey with the most comprehensive verification network globally.”

Payee 78

Payee Verification Payment APIs and Integration Cross-Border 78

Finextra

APRIL 9, 2024

EBA Clearing will roll out a pan-European Verification of Payee feature by the end of the year.

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Payee Verification 78

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 solution also includes comprehensive Confirmation of Payee (CoP) validation, verifying account existence, ownership, name match, currency validation, and more.

Verification 107

Verification Payee Account Validation Payments 107

Fintech Finance

OCTOBER 9, 2024

This verification process is crucial in mitigating fraud, preventing payment errors, and ensuring that funds are accurately directed to their intended recipients. Through this collaboration, PSPs connected to this interoperable solution will gain access to a crucial verification service. The post CBI and SEPAmail.eu

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IBAN Interoperability Payee Verification 105

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

Finextra

APRIL 14, 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.

Payee 59

Payee Verification Technology 59

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

DECEMBER 23, 2024

The European Payments Council has issued a request for proposal (RFP) for an API Test Toolbox for the Verification of Payee scheme.

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RFP Payee Verification API 64

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.

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Payee Verification Instant Payments Consulting 64

Finextra

APRIL 24, 2025

Finance Denmark, the association representing banks, mortgage institutions and financial firms in Denmark, has selected SurePay to provide a national Verification Of Payee (VOP) service.

Payee 52

Payee Verification Finance 52

Fintech Finance

MAY 8, 2024

CEC has taken the responsibility to provide the Belgium VoP and has, on behalf of the Belgium Banks and in consultation with Febelfin, awarded SurePay to deliver Verification of Payee (VoP) services. What is Verification of Payee? SurePay, has been a pioneer in Verification of Payee since 2016, conducting over 1.5

Payee 59

Payee Verification Scams SWIFT 59

Finextra

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.

Payee 52

Payee Verification Regulations Technology 52

Finextra

FEBRUARY 10, 2025

Payment identity network iPiD has joined forces with Microsoft to builds an AI-powered name-matching tool for Verification of Payee (VoP).

Payee 59

Payee Verification AI Payments 59

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

Finextra

APRIL 30, 2025

Verification of Payee (VOP) is around the corner. Are organisations ready?

Payee 52

Payee Verification 52

The Nilson Report

MAY 8, 2024

The post SurePay joins Temenos Exchange for Verification of Payee and Confirmation of Payee appeared first on Nilson Report.

Payee 52

Payee Verification Posting 52

The Paypers

OCTOBER 31, 2024

The European Payments Council (EPC) has released its Verification of Payee (VOP) Application Programming Interface (API) specifications.

Payee 54

Payee Verification API Payments 54

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. said Deya Innab, Eastnets’ Deputy CEO.

Fraud Prevention 114

Fraud Prevention Global Payments Payee Verification 114

The Payments Association

APRIL 26, 2024

The timeline for tranche two of the institutions mandated by the PSR to join the CoP service in the UK is imminent (SD 17 requires that named organisations have implemented solutions by 31st October 2024), with the EU releasing their draft Verification of Payee (VoP) rule book for consultation (which closes 19th May 2024), and is expected to enter (..)

Payee 88

Payee Verification Consulting Rules 88

Finextra

JULY 8, 2024

At EBAday 2024, Hays Littlejohn, CEO, EBA Clearing and Erwin Kulk, Head of Service Development and Management, EBA Clearing, explain how network-based fraud pattern and anomaly detection can boost the customer experience and safety provided by verification of payee checks.

Payee 52

Payee Verification Mitigation Checks 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.

Payee 59

Payee Verification Compliance Payment APIs and Integration 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.

Payee 52

Payee Verification Instant Payments Regulatory Compliance 52

Finextra

MAY 7, 2024

Today the European Payments Council (EPC) launches a public consultation on the Verification Of Payee (VOP) scheme rulebook.

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Payee Consulting Verification Payments 59

Finextra

APRIL 1, 2025

Verification of Payee (VOP) is around the corner. Are organisations ready?

Payee 52

Payee Verification 52

The Nilson Report

JUNE 3, 2024

The post Belgian Banks Choose SurePay as Verification of Payee Vendor appeared first on Nilson Report.

Payee 52

Payee Verification Posting SWIFT 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

The Nilson Report

APRIL 22, 2024

The post Pan-European Verification of Payee Ready by December appeared first on Nilson Report.

Payee 52

Payee Verification Posting Payments 52

Fintech Finance

APRIL 11, 2024

With impending regulatory changes from the UK Payment Systems Regulator (SD17) and EU legislation on Instant Payments, data and security (PSD3), it is imperative that financial institutions have Verification of Payee (EU) and Confirmation of Payee (UK) solutions in place.

Payee 52

Payee Verification Payment APIs and Integration IBAN 52

Finextra

AUGUST 27, 2024

In a move to help reduce scam losses and make Australia a harder place for scammers to operate, Westpac is extending its payee verification solution to institutional and government clients.

Payee 52

Payee Verification Government Governance 52

Finextra

JULY 16, 2024

Albert Sitelis, Head of Partnerships & Market Development at Banfico, discusses the hurdles of meeting the IP regulation compliance deadline for payee verification at EBAday 2024. With over 5000 PSPs in Europe, connectivity remains a major challenge, despite existing name check systems in several countries.

Payee 52

Payee Verification Compliance Checks 52

Finextra

MAY 2, 2024

At NextGen Nordics 2024, FinextraTV and Kannan Rassapan, CEO of Banfico, dive into the evolving landscape of account verification services and Confirmation of Payee (CoP) implementation in the Nordics.

Payee 59

Payee Verification Addressing Accounts 59

Finextra

DECEMBER 5, 2024

The European Payments Council (EPC) launches today a call for interest inviting organisations to express their intention to offer services as a Verification of payee (VOP) scheme-compliant Routing and/or Verification Mechanism (RVM) in the EPC VOP scheme.

Payee 52

Payee Verification Payments 52

Finextra

MAY 29, 2024

Form3, the cloud-native account-to-account platform, today announces that Currencycloud, a Visa solution focusing on simplifying business in a multi-currency world, has selected them to provide account verification technology to support Confirmation of Payee (CoP) activity, designed to reduce fraud in the UK.

Payee 59

Payee Multi-Currency Verification Accounts 59

Finextra

JULY 1, 2024

EBA CLEARING announced today the publication of the user specifications for its Verification of Payee solution.

Payee 52

Payee Verification 52

Fintech News

JUNE 4, 2024

Founded in 2021 by former Swift executives, iPiD offers advanced payee verification and identification solutions aimed at enhancing global payment security. Additionally, the funding will support the rollout of iPiD’s solutions in Europe, helping financial institutions comply with the upcoming Verification of Payee regulation by 2025.

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SWIFT Payee FinTech Verification 111