Verification Of Payee (VOP) Rulebook by the EPC: What it says and how SurePay complies
Verification Of Payee (VOP) Rulebook by the EPC: What it says and how SurePay complies The final version of the VOP Rulebook by the European Payments Council (ECP) was published 10 October 2024. It sets essential standards for Verification Of Payee (VOP) processes. As the largest VOP vendor, SurePay has been at the forefront of […]
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 […]
Why PSPs and banks should choose a CoP provider offering European Verification Of Payee solution
Why PSPs and banks should choose a CoP provider offering European Verification Of Payee solution As Payment Service Providers (PSPs) and banks gear up to comply with the UK’s Confirmation of Payee (CoP) regulation, they face the added challenge of ensuring interoperability with European and global payment verification systems. This is where a CoP provider […]
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 […]
SurePay joins FIS strengthening delivery of Verification and Confirmation of Payee across the EU and UK
SurePay joins forces with FIS strengthening delivery of Verification and Confirmation of Payee across the EU and UK Partnership offers Payment Service Providers (PSP’s) in the UK and EU a convenient access to SurePay’s Confirmation of Payee (UK) and Verification Of Payee (EU) API, making mitigating fraud and becoming compliant easier as regulatory deadlines approach. […]
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 […]
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 […]