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 […]