Verification of Payee: Be ready to tackle the challenge of combatting fraud and comply with the regulatory obligation
30 / 01 / 2025
Explore the upcoming regulatory changes which Verification of Payee (VoP) requires for SEPA Credit Transfers, effective 9 October 2025. Learn how the financial entities can be ready to handle increased verification demands with a focus on performance, cost-efficiency, and integration. Discover insights on the benefits of adopting a compliant VoP solution, featuring a robust name-matching algorithm and scalable architecture.

Starting 9 October 2025, all SEPA Credit Transfer transactions will require prior Verification of Payee (VoP). This regulatory change means that banks need to be prepared to handle an increased volume of verification requests efficiently and reliably.
To comply with the new requirements, it’s essential for banks to ensure their systems are ready for the operational challenges posed by this change. The European Payments Council (EPC) has released a final version of the scheme rule book, which outlines the technical requirements for implementing VoP.
Key considerations for banks
One of the important considerations for banks is the integration of a robust Routing and Verification Mechanism (RVM). The inter-PSP API specification (version 1.0.1) has been updated last November 2024, and banks should align their systems with this specification to avoid disruptions.
Additionally, recent updates to VoP solutions aim to help banks navigate regulatory requirements smoothly. Ensuring compliance will involve adopting a reliable infrastructure that is capable of managing large transaction volumes while maintaining reliable and efficient operations.
Key areas for banks to focus on include:
- Performance and Scalability: It is important to choose a platform that can handle millions of transactions daily to ensure reliability during peak demand.
- Name-Matching Accuracy: Implementing a reliable name-matching algorithm can significantly reduce errors in credited transfers, enhancing overall operational efficiency.
- Cost Management: Banks should consider a pricing model that allows for scalable operations while controlling costs associated with compliance.
- Integration Efficiency: Simple API integration or even batch integration can help minimize complexity and speed up the implementation process.
Are you still getting ready for the implementation of VoP?
As the deadline approaches, banks must take proactive steps to ensure both compliance and operational readiness. Worldline’s VoP solution is technically fully compliant with the final version of the European Payments Council (EPC) scheme rule book. We can help you make accurate, secure, and compliant account verification by ensuring real-time validation of payee details with an advance name-matching algorithm and a proven high-performance platform.
Apart from being already compliant with the final rule book, Worldline is already officially registered as an Routing and Verification Mechanism (RVM) within the European Payment Council (EPC) organisation.
Learn more about our compliant, ready to integrate Verification of Payee solution:
- Visit our VoP Developer Portal
- Discover our Verification of Payee VoP product page