Verification of Payee (VoP): A Pillar in Instant Payment Regulation (IPR)
Understand Verification of Payee and see how it affects the latest Instant Payment Regulation (IPR) across the European Union.
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.
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.
Verification of Payee (VoP) in 2024 – How it works?
In an age where digitisation is taking over, better security and accuracy of financial transactions is a must. To address the modern cybersecurity measures in financial domain, the European government has released its Verification of Payee (VoP) guidelines to revolutionise the banking system across Europe. Here’s how VoP could be changing things for financial and safety […]