8+ Key Benefits of VoP Implementation in 2025
Wondering why 5000+ Banks are taking a rational decision of Switching to VoP in 2025? The answer is, increasing number of APP frauds across the European Union and the anticipated increase in these numbers expected as European countries roll out Instant Payments. According to a report by The Global Treasurer, APP fraud is threatening European banking […]
Why Payment Delays in the UK Won’t Happen in Europe?
Check out the reasons for payment delays in the UK affecting Instant Payment guidelines and see if we can encounter the same in the Europe.
Latvian Non-Bank Payment Providers to Connect With EKS
Do you know that until October 2024 the Electronic Clearing System of Latvia, EKS was available only to credit institutions and the Treasury? Latvijas Banka has announced a landmark decision that non-bank payment service providers can now become a part of this critical financial infrastructure changing the face of payment services in the country. This […]
10+ Steps to Managing ICT Risk in Financial Institutions
Get detailed guidelines on how every financial institution across entire European Union can manage ICT risk in 2025.
How we Meet the EPC Verification of Payee (VoP) Guidelines?
Check how we address and exceed all the Verification of Payee (VoP) guidelines given by the European Payments Council (EPC).
7+ Key Features of Verification of Payee Solution Providers
Are you struggling to meet regulatory demands while ensuring secure payment processing? Banks are facing increasing pressure to comply with regulations like the Instant Payment Regulation (IPR) and the Digital Operational Resilience Act (DORA). At the same time, payment fraud remains a critical concern, with global fraud losses projected to reach $40 billion by 2027. […]
Instant Payments Regulation: How to Stay Ahead in 2024?
The European Parliament has released new Instant Payment Regulation (IPR) i.e. EU Regulation 2024/886 for all the European Union countries to fight APP scams.
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.
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.
Verification of Payee (VOP) Guidelines
The VoP Scheme establishes a set of rules, practices and standards for verification of payee name.