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 recently released a Q&A on it’s interpretation of the Instant Payments Regulation, designed to accelerate adoption and improve security with Verification of Payee (VoP). Coming into effect in October 2025, the new requirements have created a range of complex scenarios. That’s why the […]
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
How SurePay can help you be DORA compliant The financial sector has become increasingly dependent on technology and supporting ICT service providers. While they can improve operational resilience, it has also made these financial entities vulnerable to cyber-attack. Due to the interconnectedness of the ecosystem, the impact of a breach on a single entity or […]
Belgian Banks Choose SurePay as Verification of Payee (VoP) preferred scheme vendor
Change language: French German Dutch 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 […]
New EU Law: Mandatory Payee Verification for All Instant Payments and SEPA Transactions
New EU Law: Mandatory Payee Verification for All Instant Payments and SEPA Transactions This March marked the start of the implementation deadlines for the new EU regulation concerning instant payments. It is aiming to ensure that all citizens and businesses with an account in an EU or EEA country are provided access to instant payments […]
Beyond Rumours: Solving GDPR Challenges in Verification of Payee
Beyond Rumours: Solving GDPR Challenges in Verification of Payee The EU regulation on Instant Payments is bound to have a huge impact on all Payment Service Providers (PSPs) and Payment Service Users (PSUs). Whilst the final text for the EU Regulation on Instant Payments is available, rumours are spreading about the implications of the text […]
SurePay joins Temenos Exchange to expand access to Verification of Payee and Confirmation of Payee
SurePay joins Temenos Exchange to expand access to Verification of Payee and Confirmation of Payee SurePay’s APIs are now available via the Temenos Exchange partner ecosystem making Verification of Payee (EU) and Confirmation of Payee (UK) easier for financial institutions. London/Utrecht, 11 April – SurePay today announced that the SurePay solutions will be available via […]
Enhance efficiency and accuracy across various responsibilities for treasurers through the implementation of the IBAN-Name Check
Enhance efficiency and accuracy across various responsibilities for treasurers through the implementation of Verification of Payee In the complex landscape of financial management, treasurers play a pivotal role in steering organisations toward financial success. The multifaceted responsibilities of a treasurer span from cash flow monitoring to strategic financial planning. In this blog, we explain how […]