EPC VOP VOPCasts is an initiative where we create podcasts on VOP (VOPCasts) introducing key topics of interest and covering Banfico & external experts’ POV and expertise on those topics that are relevant to all scheme participants. VOP for PISPs Ralf Ohlhausen & Vasile Valcov

The EPC API Security Framework mandates PSD2 QWAC certificates for client identification in the Verification of Payee (VOP) scheme. While straightforward in principle, implementation has revealed significant operational challenges. This newsletter outlines key challenges and shares lessons learned to help financial institutions prepare for successful

Banfico Knowledge Series on EPC Verification of Payee is an initiative where we share market updates and insights into specific areas related to EPC Verification of Payee (VOP) that are relevant to all market participants including banks, PSPs, RVMs and corporates. 1. Channel Integration -

The European Payments Council’s (EPC) Verification of Payees (VOP) scheme has introduced new expectations around how Payment Service Providers (PSPs) validate account names before processing payments. While the EPC VOP offers guidelines rather than strict rules, responsibility for the accuracy of matching outcomes rests with

As one of the earliest qualified RVMs for the EPC VOP scheme, Banfico is excited to announce that our VOP solution is fully ready for end-to-end testing. We are already collaborating with other RVMs, and now, we’re extending the invitation to direct EPC VOP participants

Banfico is proud to announce the launch of VOP Service+, our innovative solution designed to optimise service management and enhance conformance validation of your VOP implementations. With 3,500+ PSPs required to go-live by October 2025 under the European Payments Council (EPC) VOP scheme, the payments

ON 24-Mar-2025, the European Payments Council published the verification of payee scheme adherence process that provides detailed guidelines for participants to join the VOP scheme. The EPC expects a high number of expected adherence requests, and hence, the EPC cannot guarantee to complete the adherence

Banks and Payment Service Providers (PSPs) across 20 Eurozone countries are scheduled to implement the Verification of Payee service for their customers in October 2025. Since this service will directly impact all account holders, an effective change management process is essential. This process must include

VOP is a regulatory requirement that must be complied with by Eurozone PSPs by October 2025. Over the past few months, the clarity on the VOP has improved and several vendors including RVMs have offered VOP solutions. 90% of the scheme participants are expected to

The regulatory requirement related to VOP for Payment Initiation Service Provider (PISP) initiated transactions and its implementation details is something that VOP ecosystem participants must be aware of. Here is the summary of key VOP requirements for PISP-initiated transactions. Regulatory requirements for PISP-initiated transactions For