Webinar: The Next Steps of Verification Of Payee (VOP)
- Webinar
- April 2025
- 60 minutes
- April 2025
- 60 minutes
Update on Scheme adherence process, EU-Global Interoperability and VOP for batch payments
Industry experts will share insights on Verification Of Payee (VOP) and specifically EPC adherence, EU and Global interoperability, and the challenges of batch checks for banks and corporates.
Industry experts will share insights on Verification Of Payee (VOP) and specifically EPC adherence, EU and Global interoperability, and the challenges of batch checks for banks and corporates.
What will you learn?
Adherence to the VOP EPC Process:
Regulatory updates and insights
Interoperability:
Understanding interoperability within Europe and globally
Batch Checks:
White-label portal demo and discussion on challenges from a bank & corporate perspective
Webinar overview
The webinar covers updates on Verification Of Payee (VOP), with speakers from EPC, SWIFT, and SurePay. Frans van Beers discusses the VOP deployment timeline and adherence process, while Francois Maigre highlights SWIFT’s role in developing the EPC directory and its partnership with SurePay for global beneficiary verification. Martin Heere demonstrates the SurePay Portal for Batch VOP checks, emphasizing its user management features and future enhancements, while also addressing challenges like reconciliation and opt-out options for bulk payments.
Frans van Beers – European Payments Council (EPC)
EPC update on VOP implementation
- The VOP adherence process has been published and the documental adherence process is underway.
- A shared API test environment will go live by end of May to support RVM and PSP readiness.
- Over 3,000 PSPs will be onboarded in three waves ahead of the 9 October 2025 compliance deadline.
François Maigre – Swift
Building interoperability across Europe and beyond
- Swift develops and operates the EPC Directory Service, enabling pan-European reachability for VOP.
- The partnership with SurePay extends BAV functionality to international use cases, improving cross-border validation.
- Coverage is expanding globally, with over 100 data providers already live and new regions like UAE, Nigeria and Pakistan being added.
Martin Heere – SurePay
Demo: SurePay Portal for Batch VOP
- The SurePay portal allows corporates to upload and verify bulk payments with a user-friendly, secure interface.
- New formats like CSV and pain.001 files will be supported to enhance flexibility.
- Banks can manage corporate clients via a separate portal, supporting efficient onboarding and user control.
- The portal can be offered in a default “SurePay” style, but can also be completely white-labeled to your bank brand style.
Kjeld, Eelco – Bulk VOP Implementation Challenges
Addressing operational and regulatory complexity for corporates
- Regulatory opt-out options must be well-managed, with a focus on usability and compliance.
- Corporates have diverse internal flows; communication and clarity are key to successful adoption.
- Bulk processes around VOP will most likely need time to mature after the deadline.
