Verification of Payee: Banks urgently need APIs for VoP – everything must be running smoothly by October 9

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…