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.
The Need For Global VOP
In Episode 4 of our VOPCast, Paulo Barbosa (Banfico) and Ximena Aleman (Prometeo) unpack why a Global VOP standard is critical as cross-border payments grow. They explore the rising fraud risks, the limitations of regional verification schemes, and the challenges of achieving global interoperability across standards, infrastructure, and privacy.
The Role of eIDAS in VOP
In this VOPCast episode, Luigi Rizzo (InfoCert) and Kannan Rasappan (Banfico) discuss how eIDAS certificates are enabling secure, cross-border Verification of Payee (VOP) ahead of the October 9th deadline. They cover the evolution of ETSI TS 119 495 from PSD2 to Open Finance, the role of eIDAS QWACs in API security, practical challenges with certificate roles, and how non-EU entities can join the VOP scheme.
Bulk VOP Checks
In this episode of the VOPCast Series, we explore the operational and technical challenges of implementing Bulk Verification of Payees (VOP). Stanislaw Dörschner (DATEV), Stefan Weiß (adorsys), and Prabananth Mounasamy (Banfico) share their perspectives on regulatory models, interface complexities, and the critical role of data quality.
PSU Channel Integration
In this episode of the VOPCast, Kjeld Herreman (Paylume) and Albert Sitelis (Banfico) unpack the hidden complexities of VOP when integrating across multiple PSU channels. They discuss why choosing an RVM is just the start, and how banks can ensure compliance and a seamless customer experience across every payment channel. The conversation also highlights challenges for corporates on how to strike the right balance between compliance, fraud prevention, and frictionless transactions.