European Union

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Verification of Payee

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Stay ahead of EU regulations and secure your payments.

Verification of Payee (VoP) ensures secure and accurate transactions across Europe, reducing fraud risks and enhancing trust in digital payments.
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Countdown to Compliance: October 2025

By October 9, 2025, all Payment Service Providers (PSPs) facilitating SEPA instant and non-instant credit transfers in the eurozone must verify recipients' account details before processing payments to enhance security and prevent fraud.

The European Payments Council (EPC) in their VoP scheme require that PSPs implement Requestor-Responder Routing and Verification Mechanisms (RVM) to support seamless payee validation across Europe.
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Your trusted VoP provider

Your trusted Requestor-Responder Routing and Verification Mechanism (RVM) provider without the need for complex in-house development.

Bridging PSPs and schemes

As an official RVM for the EU VoP mandate, iPiD connects banks, payment providers, and schemes to streamline compliance.

Real-time matching algorithm with iPiD Match

Accurately verifies recipient details before transactions, reducing fraud and ensuring compliance.

Advanced features

Includes VoP auditing, bulk file management, multiple channel support, agent/delegate authority and seamless integration for financial institutions.

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Reliable, secure and cost-effective transactions, every time

Comply
‍globally

Meet regulatory requirements seamlessly with real-time payee verification, ensuring transactions align with EU, UK, and international compliance frameworks.

Reduce
‍fraud

Protect payments from unauthorised transfers. Our verification solutions prevent misdirected funds and help financial institutions combat rising scams—projected to exceed $7.6 billion by 2028.

Lower
‍costs

Avoid costly delays, rejections, and failed payments caused by incorrect account details. Real-time validation ensures that every payment reaches the right recipient, the first time.

Understanding VoP

A key requirement under the EU’s Instant Payments Regulation.

What is VoP?

Verification of Payee (VoP) is Europe’s version of Know Your Payee (KYP)—a fraud prevention measure that ensures payment details are validated before processing. It helps reduce misdirected payments, fraud, and chargebacks.

Part of EU’s Instant Payments Regulation

The European Instant Payments Regulation mandates that all PSPs must verify account details before processing SEPA credit transfers.

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The Role of PSPs in VoP Compliance

A seamless verification experience for customers, without additional complexity.

Mandatory verification for EU-based transactions

All PSPs offering payment services in Euro must verify payee details before executing a transaction, across all channels, including corporate and bulk payments.

Frictionless payment experience

VoP compliance is more than a regulatory requirement—it ensures smooth, error-free transactions for customers and businesses.

Simplify Payments with KYP

iPiD, a global Know Your Payee (KYP) validation provider, empowers financial institutions and corporations to minimise fraud and enhance compliance worldwide.
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