TechnoXander 215 COP TF’s Role in the VOP Scheme Management
COP TF’s Role in the VOP Scheme Management

The Verification of Payee (VOP) Scheme plays a role, in ensuring that payments reach the intended recipients accurately thus minimizing the potential, for fraud and mistakes. Overseen by the European Payments Council (EPC) AISBL the VOP Scheme Management follows an approach to uphold its reliability and flexibility.

TechnoXander 216 5+ Obligations as a VOP service provider
5+ Obligations for VOP Service Providers

All PSPs registered under the VOP scheme must follow the set of rules and guidelines laid out in the VOP Scheme Rulebook by the European Payment Council.

TechnoXander 212 Verification of Payee Guidelines
Verification of Payee (VOP) Guidelines

The VoP Scheme establishes a set of rules, practices and standards for verification of payee name.