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
In this VOPCast, Ralf Ohlhausen, Chair of the European Third Party Providers Association, and Vasile Valcov, VOP Expert at Banfico dive into the implications of the Instant Payments Regulation (IPR) for Payment Initiation Service Providers (PISPs). They share their insights on how the regulation mandates VOP for PISPs and then discuss the usecase specific VOP requirements.
CX Guidelines for VOP
In Episode 2 of our VOPcast, Anuradha Raman (Product Owner, Pay.UK) and John Connolly (Product Owner, Banfico) explore why a consistent customer experience (CX) matters in Verification of Payee (VOP). They discuss key learnings from Confirmation of Payee (CoP), risks of fragmented VOP implementations, and the importance of a harmonized approach to enhance trust and reduce friction in payment processes.
Getting Name Matching Right
In this Episode, Brian Cunnington of ChilliMint Europe and Jonathan Cardwell of Banfico examine the complexities of name matching within Verification of Payee. The conversation highlights how EPC’s flexible guidelines introduce legal and operational challenges, and why precise algorithm tuning is critical for balancing accuracy and risk. The episode also covers practical challenges like language variance and the importance of customer education.