The Verification of Payee (VoP) rulebook has been finalized by the European Payments Council. The rulebook aims to standardize how European PSPs implement Verification of Payee. A tool that confirms payee account information to help protect consumers against fraudulent transactions. This infographic has the essential insights, that you need to know.
Avoid misdirected payments and meet mandates set for payment service providers by the European Payment Council’s SEPA Inst Mandate.