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.

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Payee Verification Instant Payments Regulations 59

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.

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Payee Service Provider Payments 129

Fintech Finance

JANUARY 21, 2025

The EPC VOP scheme relies on exchanging VOP messages between payer and payee PSPs in accordance with the rules set out in the VOP rulebook and implemented on the basis of application programming interfaces (APIs) designed by the EPC. The post EPC Selects Swift for the EPC Directory Service appeared first on FF News | Fintech Finance.

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SWIFT Payee IBAN RFP 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 post Paynetics Selects tell.money to Implement Confirmation of Payee (CoP) Service appeared first on FF News | Fintech Finance.

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Payee Embedded Finance Fraud Detection Compliance 105

Fintech Finance

JANUARY 7, 2025

FxPro , a global leader in financial services and electronic money solutions, has announced its partnership with tell.money to implement Confirmation of Payee (CoP) technology. Were proud to support FxPro in enhancing their client security through our Confirmation of Payee service David Monty, CEO at tell.money comments.

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Payee Multi-Currency Security Transactions 98

Finextra

APRIL 26, 2024

Moderating her last panel of the day, Finextra’s head of content Madhvi Mavadiya discussed Confirmation of Payee (COP) with Christina Fransson, senior payment product specialist of FIS in EMEA, Greg Huguet, European regional director at iPiD, Paulina Kudlacik, Confirmation of Payee scheme manager at the Nordic Payments Council, and Richard Ross, global (..)

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Payee SWIFT Global Payments Product 98

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

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 post PayPoint Issues Call to Arms Over Confirmation of Payee Aggregator Deadline appeared first on Fintech Finance.

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

Finextra

OCTOBER 15, 2024

Banks in New Zealand have begun the phased roll out of Confirmation of Payee, using technology supplied by UK fintech obconnect.

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Payee FinTech Technology 111

Payments Source

JULY 1, 2020

s six major banking groups are now required to have implemented the new Confirmation of Payee (CoP) scheme for Faster Payments and Chaps as part of a regulatory push to tackle the rampant rise in Authorized Push Payment (APP) fraud.

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Payee Faster Payments Authorization Payments 117

Finextra

MARCH 19, 2024

Fiancial messaging co-operative swift has been enlisted by Aastralian Payments Plus (AP+) to build a confirmation of payee service to reduce the risk of misdirected payments and increase defences against payment fraud.

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Payee SWIFT Risk Payments 111

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

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 goal of this requirement is to increase payment security and reduce the risk of fraud and errors throughout the SEPA area.

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Verification Compliance Payee IBAN 81

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 (..)

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Payee Verification Consulting Rules 88

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

MARCH 4, 2025

Originally introduced in the United States in October 2024, GAV verifies whether payee and account details match before transactions are processed, helping businesses and individuals prevent fraudulent transfers.

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Verification Risk Accounts Cross-Border Payments 108

The Payments Association

MARCH 19, 2024

The UK's banking sector is on the cusp of a major shift with the imminent expansion of the Confirmation of Payee (CoP) system, a move aimed squarely at further curtailing Authorised Push Payment (APP) fraud. Read more

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Payee Payments Financial Crimes Crime 88

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.

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Payee Verification Technology 59

NFCW

JANUARY 13, 2025

“The device supports both UnionPay QR code payer-initiated and payee-initiated payment methods, allowing foreign visitors to conveniently and efficiently pay at shopping malls, restaurants and specialty stores.” ” “Tourists can top up the card using cash or by swiping another card.

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Mobile Payments Online and Mobile Banking Payee Payer 114

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.

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Payee Verification Finance 52

Finextra

MAY 8, 2024

Belgium's Centre for Excchange and Clearing has selected SurePay to provide Confirmation of Payee technology to the domestic banking industry.

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Payee Technology 69

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.

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Payee Verification Posting 52

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

Fintech Finance

OCTOBER 9, 2024

Signed an Agreement to Set Up an Interoperable IBAN-Name Check – Verification of Payee (VoP) Solution appeared first on FF News | Fintech Finance. The post CBI and SEPAmail.eu

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IBAN Interoperability Payee Verification 105

Finextra

APRIL 29, 2024

Finastra, a global provider of financial software applications and marketplaces, today announced the go-live of its Bacsactive-IP Confirmation of Payee (CoP) service with ScotPayments, a centralized payments platform that supports the digital transformation of public services in Scotland.

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Payee Checks Payments 64

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

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Payee Verification Scams SWIFT 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

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. This is useful when making regular deductions from your account, such as health insurance premiums or utility bills.

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ACH ACH Network Payer Payee 88

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.

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Payee Multi-Currency Verification Accounts 59

Finextra

APRIL 1, 2025

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

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Payee Verification 52

The Fintech Times

AUGUST 8, 2024

Australian Payments Plus (AP+) and the Australian Banking Association (ABA) have completed the design of the new Confirmation of Payee (CoP) service which will enable people paying to an account with a name, BSB and Account number to confirm the account name of the payee before the payment is made.

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Payee SWIFT Scams Payment APIs and Integration 59

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

JUNE 18, 2024

Bank-to-bank payment messaging network Swift is working to facilitate interoperability of Verifcation of Payee schemes across Europe as new research shows that 83% of SMEs across France, Germany, Italy and Spain rank upfront beneficiary checks as important to them in trading across borders.

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SWIFT Payee Interoperability Payment Message 132

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.

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Payee Verification Payment APIs and Integration IBAN 52

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.

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Payee Verification Regulations Technology 52

Fintech Finance

NOVEMBER 18, 2024

Security and efficiency remain central to both platforms, with features such as Confirmation of Payee (CoP) to validate account details in real-time, helping prevent fraud across payment processes. For instance, 60% of large companies use at least five separate systems just for accounts payable.

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Automation Accounts Acquirers Embedded Payments 104

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).

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Payee Verification AI Payments 59