Optimising VoP Checks: The Role of Routing and Verification Mechanism
The European Payments Council’s (EPC) Verification of Payee (VoP) scheme focuses on predominantly fulfilling the EU legislative requirements set out by the IPR and emerges as a go-to set of guidelines for anyone looking to develop or implement VoP. The scheme aims to standardise the process of VoP checks ensuring that the 5000+ institutions talk […]
TechnoXander expands in Europe with EPC VoP-compliant RVM
TechnoXander, an approved Pay.UK scheme aggregator with extensive experience in delivering Confirmation of Payee (CoP) solutions to UK financial institutions, has registered with the European Payment Council (EPC) as a Routing & Verification Mechanism (RVM). This underscores TechnoXander’s commitment to advancing compliance and fraud prevention in instant payments with VoP-compliant RVM. As the only Pay.UK […]