Verification of Payee: Difference between revisions
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(VOP or VoP). | (VOP or VoP). | ||
Verification of Payee is a tool to help prevent APP fraud and accidentally misdirected payments, similar to Confirmation of Payee. | Verification of Payee is a tool to help prevent APP fraud and accidentally misdirected payments, similar to Confirmation of Payee (CoP). | ||
It is a requirement of the EU Instant Payments Regulation (IPR). | It is a requirement of the EU Instant Payments Regulation (IPR). | ||
Latest revision as of 14:44, 20 January 2026
EU financial regulation - Instant Payments Regulation (IPR).
(VOP or VoP).
Verification of Payee is a tool to help prevent APP fraud and accidentally misdirected payments, similar to Confirmation of Payee (CoP).
It is a requirement of the EU Instant Payments Regulation (IPR).
See also
- APP fraud
- Confirmation of Payee (CoP)
- Euro Banking Association (EBA)
- European Payments Council (EPC)
- Faster Payments
- Financial Conduct Authority (FCA)
- Immediate payments and the impact on corporate treasurers
- Infrastructure
- Instant Payments Regulation (IPR)
- Payment service provider (PSP)
- Payment system
- Payment Systems Regulator (PSR)
- PSD2
- Regulation
- Request to Pay
- Secondary reference data (SRD)
