The Final Countdown: What’s Next for Verification of Payee?
The countdown to the new Verification of Payee (VoP) requirements is on. From 9 October 2025, all PSPs in the SEPA region must comply with the EU’s Instant Payments Regulation (IPR), making VoP a mandatory safeguard in real-time payment systems.This webinar, hosted by Finextra in collaboration with iPiD, dives into the implementation challenges, global implications, and practical next steps financial institutions must consider as the deadline approaches.
About the webinar
About the event
VoP is designed to enhance trust in instant payments, reduce APP fraud, and cut down on manual processes. But with each PSP responsible for deploying their own service—or partnering with a Routing and Verification Mechanism (RVM)—there’s still much to be addressed:
- Data privacy and control
- Core banking system readiness
- Bulk and batch validations
- Liability models and all-channel implementation
- Verifying virtual and proxy accounts
Beyond Europe, there’s growing pressure to adopt KYP (Know Your Payee) standards globally. Could VoP mark a turning point, much like GDPR did for data privacy?
Key takeaways
- What PSPs must know to prepare for the October VoP deadline
- Lessons learned from early implementers
- How corporates will integrate VoP into treasury and finance workflows
- Cross-border implications and where KYP is heading next
- Expert takes on the biggest unresolved industry questions
