TechnoXander’s Verification of Payee Responder: Understanding the Responding Workflow
Check TechnoXander's Verification of Payee (VoP) Responder module and understand its working to know its worth for your company.
TechnoXander’s Verification of Payee Requester RVM: Decoding the Requesting Capabilities
Check detailed guide on TechnoXander's Verification of Payee RVM to understand its functionality and importance in the VoP ecosystem.
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 […]
EPC VoP Rulebook: Achieving Compliance with Instant Payment Regulation
The European Payments Council (EPC) plays a central role in the European payments ecosystem bringing harmony to payment processing across the SEPA zone. EPC has published the rulebook for Verification of Payee (VoP) which aims to bring uniformity and alignment to Eurozone payments. This rulebook is important for ensuring error-free payments and fraud prevention in […]
Critical IPR Compliance Deadlines for Banks Unveiled: Are You in Scope?
The recently unveiled IPR Compliance Deadlines mandates that all payment service providers (PSPs), E-money Institutions (EMIs) and Payment Institutions (PIs) must provide customers with the facility of instant SEPA credit transfers in euro. This includes both sending and receiving such payments, ensuring they occur in real-time—within 10 seconds of initiation. The facility must be available […]
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 […]
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.