Are You Ready for VoP? Fast-Track Your Compliance with iPiD

Are You Ready for VoP? Fast-Track Your Compliance with iPiD

With the Verification of Payee (VoP) scheme fast approaching the deadline in October 2025, the question for Payment Service Providers (PSPs) is no longer if, but how quickly they can become compliant.

The European Payments Council (EPC) has officially opened up the VoP scheme toolkit for participants across Europe. As announced on their official site, PSPs can now begin the formal application process and access implementation toolkits and requirements.

This milestone is part of the broader effort to mitigate fraud through payee verification—a must-have for secure, seamless transactions in a digitized economy.

How PSPs Can Adhere to VoP–Step by Step

The EPC has laid out a clear path for PSPs in two phases: Documental Adherence and EDS (EPC Directory Service) onboarding.

With the adherence documents submitted after 30 Jun, the EPC does not guarantee October readiness.

What Is VoP and Why Does It Matter?

VoP (Verification of Payee) is a real-time mechanism that verifies whether the payee’s name matches the account number before a payment is executed. This protects consumers and businesses from authorised push payment (APP) fraud, one of the fastest-growing forms of financial crime.

The VoP scheme allows PSPs to offer a standardized, interoperable verification experience across Europe—something that has long been fragmented.

Why Act Now?

Early adopters of VoP gain:

• Compliance peace of mind
• Fraud prevention and reduced liability
• Operational efficiency
• Competitive differentiation in customer trust and user experience

But onboarding can be complex, especially for PSPs managing legacy systems and regulatory overhead.

IPiD: Your RVM for VoP Compliance

iPiD is your Registered Verification Mechanism (RVM) partner for effortless adherence to the EPC VoP scheme. We shield you from scheme complexities and eliminate the heavy lift of navigating adherence on your own.

• A plug-and-play API including full support for both Requesting and Responding PSP functions—no need to build your own solution from scratch
• Real-time name and account matching to prevent fraud through iPiD Match developed together with Microsoft
• Bulk payment support
• Compliance-ready with forensics to support liability management and evidence your scheme adherence

By choosing iPiD, you avoid the high cost and time investment of building on your own and keeping the solution up to date with scheme changes. We help PSPs integrate VoP with minimal internal development, enabling you to be compliant and secure—while focusing on what you do best: moving money, fast and reliably.

‍

Ready to Join the Scheme?

The VoP adherence process is open. Let iPiD help you get there faster.

Contact us today to learn how you can integrate VoP with iPiD as your RVM.