As Verification of Payee (VoP) becomes mandatory under the EPC’s SEPA-wide scheme, PSPs and payment institutions across Europe are racing to achieve compliance. For indirect SEPA participants, the decision often comes down to whether to rely on their agency bank’s VoP service, or to work with a specialist VoP provider or Qualified RVM like TechnoXander.
It may seem easier to procure VoP services through existing agency or correspondent bank for now but relying on agency banks may introduce long-term constraints for PSPs. In contrast, choosing a provider like RVM offers flexibility, better performance, and long-term compliance resilience—especially as Instant Payments become the default across many geographies.
Below are some reasons why SEPA participants must choose RVM over Agency bank for Verification of Payee services:
- One VoP integration works across multiple agency banks—no duplication or fragmentation.
- Full control over VoP features, integration, and rollout—not tied to agency banks.
- Faster SEPA VoP compliance with ready-to-integrate APIs from specialist providers.
- Customisable VoP experience reduces false positives and improves user trust.
- Transparent, usage-based pricing avoids hidden costs and supports scaling.
- Rapid innovation ensures readiness for evolving regulations and cross-border needs.
Now, let us explore all 5 major reasons why indirect participants in SEPA should consider RVM over their agency bank as their VoP partner—and why the extra effort now is a smart investment in the future.
1. Unified VoP Integration Across Multiple Agency Banks
Many indirect SEPA participants work with more than one agency or clearing bank. Using each one’s VoP service leads to fragmentation, duplication, and inconsistency. Above all, using VoP services from multiple agency banks’ is expensive and costs can quickly add up.
When using an RVM, Indirect Participants get a single VoP integration that works across the network of SEPA payment partners—ensuring uniform handling of Verification of Payee checks.
Benefit from One VoP platform. Multiple connections. Zero duplication.
2. Full Control for SEPA Participants Over VoP Implementation
When indirect SEPA participants rely on their correspondent or agency bank for VoP services, they lose visibility and control over VoP-specific features. The Indirect SEPA participant is tied to another PSP’s roadmap, pricing, and operational structure.
With a VoP specialist provider, Indirect PSPs maintain direct control over VoP integration, configuration, and deployment. They can define how Verification of Payee is embedded across digital channels and ensure alignment with the institution’s own fraud prevention and compliance goals.
When using a next-gen VoP provider like TechnoXander, PSPs can keep full control of when and how they integrate, deploy and go-live!
Benefit from VoP under your terms, not under agency bank’s terms by using a specialist VoP provider.
3. Faster Go-to-Market with SEPA VoP Compliance
Many agency banks are still building out their VoP infrastructure—or bundling it into legacy payment services. That can delay your ability to go live with SEPA VoP compliance, especially for SEPA Instant Payments where speed and accuracy are critical.
As a dedicated VoP provider, onboarding is also generally optimised to help indirect participants meet EPC VoP scheme deadlines efficiently.
As a specialist EPC RVM provider, TechnoXander offer a fast-track to compliance with tested, ready-to-integrate, single API to meet global payee verification requirements.
Benefit from Faster VoP compliance, faster fraud protection.
4. Improved Customer Experience and Fewer False Positives
VoP only builds trust when it works well. With an agency PSP implementation, indirect participants have little control over how name matching results are shown, how logic is tuned, or how errors are handled in your user journey.
RVM empowers banks to customise the VoP experience, minimize false positives, and deliver clearer messaging to users—especially important in real-time SEPA Instant Payment flows.
We, at TechnoXander, provision the ability to customise the matching engine as per PSPs risk appetite so false positives and to keep the payments moving can also be provisioned.
When using a VoP provider like TechnoXander, PSPs benefit from a self-service portal which can be used to perform manual VoP checks, bulk checks and query logs.
Benefit from Customisation, increase customer confidence, fewer support calls.
5. Transparent Pricing and Long-Term Value
VoP services offered by agency banks are often bundled, with limited transparency. If volume grows or needs change, SEPA Participant may be locked into opaque pricing with its agency bank.
RVM offers clear, usage-based pricing for Verification of Payee, making costs predictable and scalable. That also opens up value added opportunities.
Benefit from Know what you pay. Control what you scale.
6. Innovation at the Speed of Regulation
Whether it’s cross-border VoP, enhanced name-matching standards, or new fraud prevention mandates, agency banks may struggle to keep up.
RVM is built for rapid adaptation. As a specialist VoP provider, we invest solely in improving match logic, directory access, and interoperability—keeping ahead of name matching compliance requirements globally.
Benefit from Future-proof VoP using global payee verification solution.
Yes, evaluating an external VoP provider like RVM may feel like “extra work” today. But this is about building future resilience, not just ticking a compliance box.
VoP will evolve—across SEPA Credit Transfers, SEPA Instant, cross-border payments (Pay.UK CoP, NPC CoP), and beyond.
RVM offers a smarter path forward for indirect SEPA participants: faster onboarding, better UX, lower risk, and true independence in how you meet EPC VoP requirements.
Taking the extra step today sets you up for success tomorrow.
Book your demo today to learn more about how you can benefit from TechnoXander’s next gen payee verification solution.
