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 aggregator authorised under the Crown Commercial Services framework to provide CoP services to UK public organisations, TechnoXander is a trusted partner in delivering Verification of Payee (VoP) services to institutions.
Expanding its reach, TechnoXander has extended its payee verification solutions to include name verification checks beyond the UK and Europe. With logic-based IBAN validations spanning 80 countries, TechnoXander delivers precise and efficient global account verification.
TechnoXander’s platform aims to simplify compliance and strengthen fraud prevention for over 5,000+ Financial Institutions across Europe preparing to implement VoP solutions under the Instant Payment Regulation in 2025. TechnoXander helps institutions meet regulatory requirements through seamless integration via a single API.
“Compliance and fraud prevention are paramount in the instant payments era,” said Sonal Bomb, CEO & Co-Founder at TechnoXander. “Our EPC registration as a VoP-compliant RVM enables us to deliver cost-effective, secure and resilient Payee verification solutions to Financial Institutions across Europe.”
About TechnoXander
TechnoXander, a UK-based leader in Global Payee Verification and Open Finance solutions, is dedicated to delivering compliance-ready products tailored to meet the evolving needs of Financial Institutions. With operations across 3 continents, headquarters in London and a portfolio of 4 core products, TechnoXander empowers institutions to confidently navigate the instant payments era, enhancing compliance and fraud prevention.
For more information, visit https://technoxander.com or contact vop@technoxander.com
