{"id":15025,"date":"2025-09-16T15:47:17","date_gmt":"2025-09-16T13:47:17","guid":{"rendered":"https:\/\/trustpair.com\/blog\/verification-of-payee\/"},"modified":"2026-10-22T16:42:24","modified_gmt":"2026-10-22T14:42:24","slug":"verification-of-payee","status":"publish","type":"post","link":"https:\/\/trustpair.com\/gb\/blog\/verification-of-payee\/","title":{"rendered":"Verification of Payee (VoP) One Year On: What It Covers, What It Doesn’t, and What’s Next for Businesses"},"content":{"rendered":"
Verification of Payee (VoP) is a free, mandatory name check for euro transfers within the SEPA zone. Before a payment is authorised, the payer’s bank asks the payee’s bank whether the name entered matches the IBAN. Since October 2025, every euro-area bank must offer it. VoP has cut misdirected payments, but it only checks the name. It doesn’t confirm that your supplier actually asked for its bank details to change.<\/div>\n
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One year after launch, VoP is running at scale across Europe. For finance teams paying suppliers, though, the first year has also shown where it falls short: payments outside SEPA, bulk payment files, and fraud that starts long before the payment, when supplier records are created or changed. This guide covers the first-year results, what each VoP result means for your payment process, and how to close the gaps.<\/div>\n
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Contact an expert to learn how Trustpair complements VoP<\/a><\/div>\n
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Key takeaways<\/h3>\n