Verification of Payee: Banks urgently need APIs for VoP – everything must be running smoothly by October 9
Summary by IT Finanzmagazin
1 Articles
1 Articles
With the new EU regulation introducing mandatory IBAN name verification, a mechanism designed to protect payers from incorrect transfers and fraud is becoming a reality: "Verification of Payee" (VoP). Technically, this requires a precise, fast, and secure check to determine whether a specified IBAN actually matches the recipient's name – and in real time. The article "Verification of Payee: Banks urgently need APIs for VoP – everything must be r…
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