How VOP and consumer awareness can help prevent APP fraud

How VOP and consumer awareness can help prevent APP fraud The role of consumer awareness in fraud prevention In April, the European Banking Authority (EBA) released an opinion highlighting the positive impact of PSD2 security measures, including strong customer authentication, across the European Union. The EBA noted that these requirements have been effective in preventing […]

Consider a Proof of Concept (PoC) for SurePay’s Verification Of Payee Solution.

Consider a Proof of Concept (PoC) for SurePay’s Verification Of Payee Solution Financial institutions are under increasing pressure to act swiftly due to the Instant Payments legislation. Payment Service Providers (PSPs) must balance the need to act quickly with the need to make the right decision, making the evaluation of Verification Of Payee solutions more […]

Why Instant Payments? The Connection Between Instant Payments and Verification Of Payee (VOP)

Why Instant Payments? The Connection Between Instant Payments and Verification Of Payee (VOP) In today’s fast-paced financial environment, Instant Payments have become a key feature of modern banking. The increasing demand for swift, efficient, and secure transactions has led to the widespread adoption of Instant Payments systems across Europe and beyond. But what exactly are […]

Instant Payments Regulation update/Q&A

Instant Payments Regulation update/Q&A: What you need to know The European Commission has released a Q&A on its interpretation of the Instant Payments Regulation, designed to accelerate adoption and improve security with Verification Of Payee (VOP). The requirements are now in effect for euro countries as of October 2025 and will also apply to non-euro […]

Verification Of Payee and Liability: Ensuring secure Instant Payments

Verification Of Payee and Liability: Ensuring secure Instant Payments The European Council has recently adopted regulations to make Instant Payments available for euro transactions across the EU and EEA countries. This regulation allows consumers and businesses to transfer money within ten seconds, any time of the day, even outside business hours, and across borders within […]

Interoperability with all European PSPs for Verification Of Payee

The road to Verification Of Payee interoperability With the Instant Payments Regulation being finalised almost two months ago other progress has been made in Europe. Specifically around the Verification Of Payee (VOP) requirements in the regulation and how PSPs will effectively work together, the following should be noted. The VOP Rulebook public consultation period has […]

How SurePay can help you be DORA compliant

Table of Contents Deep-dive article How SurePay can help you be DORA complaint EU standard for ICT (third party) risk management To boost the resilience of the financial sector, on 17 January 2025, the European law, known as DORA (Digital Operational Resilience Act) came into effect. DORA brought in uniform laws for financial entities regarding […]

Belgian Banks Choose SurePay as Verification Of Payee (VOP) preferred scheme vendor

Table of Contents Press release Belgian Banks Choose SurePay as Verification Of Payee (VOP) preferred scheme vendor Belgium is making a significant move towards enhancing trust in payments, mitigating scams and to becoming EU Instant Payments compliant. Brussels/Utrecht, 8 May 2024 – CEC has taken the responsibility to provide the Belgium VOP and has, on […]