Products 
/ Payee Verification Platform

Verification of Payee

A beneficiary name-account details matching service to enable verified and safe transactions for ALL credit transfers. Leverage the expertise of an EPC VOP Scheme-compliant RVM.

iban name check payments

A beneficiary name-account details matching service to enable verified and safe transactions for ALL credit transfers. Leverage the expertise of an EPC VOP Scheme-compliant RVM.

iban name check payments
GET THE BROCHURE contact us
iban name check payments
The verification of payee obligation

Payee Verification Platform enables you to comply with the Instant Payments Regulation, which modifies SEPA rules to enable safe(r) credit transfers

It notably establishes the Verification of Payee (VOP) obligation for credit institutions offering the service of sending of Euro Instant Payment: “PSPs should therefore provide a service ensuring verification of the payee to whom the payer intends to send a credit transfer (service ensuring verification)”. 

Interested? Get in touch
ONE PLATFORM, TWO COMPLEMENTARY SERVICES

Discover Payee Verification Platform

  • VOP SERVICE PROVISION: Supports PSPs to expose and manage, in a secure and compliant manner, a real-time name & account details verification service.
  • VOP UNIFIED ACCESS: Offers payers’ PSPs a single interface to access verification service made available by the payee’s PSPs.
tell me more
VOP SERVICE PROVISION

Comply with the IP regulation as PSP of the account receiving the payment

  • MUTUALIZED EXPERTISE, development and setup efforts and costs
  • POWERFUL NAME MATCHING ALGORITHM developed specifically for bank account naming specificities
  • EASY TO IMPLEMENT AND MAINTAIN PROCESS FOR ACCOUNT LISTS import with built-in validation and reusing existing technical integration
  • Data storage in a SECURED, ENCRYPTED AND SILOED MANNER
  • API FALLBACK OPTION if the bank prefers an ad-hoc access to each account details
VOP UNIFIED ACCESS

Comply with the IP regulation as PSP initiating any credit transfer

  • SINGLE INTERFACE TO VERIFY potentially any European recipient account no matter the source or scope of the check
  • FLEXIBLE TECHNICAL INTEGRATION (endpoints for single and batch checks, web portal, etc.) to implement the service in various initiation touchpoints
  • DIRECT 1:1 partnerships with RELEVANT DOMESTIC AND INTERNATIONAL SCHEMES AND HUBS
  • With ONE CHECK, POTENTIAL TO OFFER/RESELL THE SERVICE to your corporate customers
​
vop solution
deep dive into IPR & VOP

Download the IPR & Verification of Payee e-book

Blog
The first day of VOP: What it means for payments in the EU

The day Verification of Payee becomes a reality has finally arrived. From today, October 9th, Payment Service Providers (PSPs) in several Eurozone countries must provide their customers acting as payers — with a Verification of Payee (VOP) solution before authorizing a credit transfer. Introduced in the Instant Payments Regulation (IPR), VOP applies to all types […]

View
In the Media
Verification of Payee: enhanced trust and security

The Verification of Payee (VoP) obligation was introduced in the Instant Payments Regulation and will be applicable as from 9 October 2025. This requirement imposed on payment service providers is all about checking whether the name and payment account identifier of a payee match, or not.   An obligation for all types of credit transfers […]

View
News
Tackling the VoP challenge(s): 3 questions to Ramzi Dziri

The Verification of Payee – introduced in the Instant Payments Regulation (IPR) earlier this year – deadline is slowly but surely approaching. Payment Service Providers (PSPs) will have to comply by October 2025, and VoP is considered by most of them as a strategic project that must be well under way in the coming months. […]

View
Blog
VoP user group: looking back at the first workshop

At LUXHUB, we’ve launched a Verification of Payee solution, called Payee Verification Platform, which is destined to Payment Service Providers all over the EU, in the context of the Instant Payments Regulation. After onboarding our first customers, we’re now organizing a series of workshop for our VoP user group members, composed of dozens of payments […]

View

Get in touch

Want to learn more about our Payee Verification Platform?

Ensure a smooth compliance with the European Commission’s regulation on Instant Payments and credit transfers.

CONTACT US
​