SEPA Verification of Payee Service
Enhance payment security and reduce fraud with EPC-compliant name-matching verification
- EPC Compliance: Full alignment with the EPC VoP Scheme Rulebook requirements
- Standardized Verification: Real-time beneficiary name matching following EPC standards
- Pan-European Coverage: Complete SEPA coverage for all participating payment service providers
- Batch Processing: Handle up to 250,000 VoP requests simultaneously with encrypted files
- Error Resilience: Process corrupted data seamlessly, with detailed exception logs
- Comprehensive Coverage: A single solution for local and international payments
The EPC Verification of Payee (VoP) Scheme becomes mandatory for all SEPA payment service providers, ensuring standardized beneficiary verification across Europe
Standardized Verification Process
Input Data
The payer enters recipient details, including the account name and IBAN, into their banking platform. This critical step begins the bank account validation process for secure and accurate transactions.
Real-Time Validation
Checkpayee performs real-time payment verification by cross-checking the provided details with the recipient bank's database. This ensures payee name matching and eliminates errors, enhancing payment accuracy.
Alert System
If any mismatch occurs, an instant alert notifies the payer, enabling them to resolve the issue before the transaction is completed. This minimizes risks of misdirected payments and supports payment fraud prevention.
Core Capabilities
Rapid Response & Scalability
Achieve ultra-fast real-time payment verification with scalable infrastructure to meet high transaction demands. Comply with SEPA Instant Payment requirements for speed and payment accuracy.
Standardized API
Implementation aligned with EPC VoP Scheme specifications
Bulk Payment Handling
Efficiently manage large volumes of payments with advanced payee name matching and account name verification, ensuring accuracy and preventing misdirected payments.
Why Choose Our VoP Solution
Full VoP Scheme Compliance
Complete adherence to EPC VoP Scheme Rulebook requirements
Fraud Prevention
Reduce payment fraud through accurate beneficiary name verification following EPC standards
Improved Customer Trust
Enhance customer confidence with secure payments and transparent processes that reduce errors and disputes, strengthening loyalty and satisfaction
Cost Savings
Lower operational costs by reducing fraud-related reimbursements and compliance penalties. Efficiently handle transactions with improved payment accuracy.
Trust Built on Proven Standards
Delivering trusted solutions through rigorous international standards and certifications
Globally acknowledged for implementing quality management systems that ensure efficiency, consistency, and customer satisfaction across all operations.
Certified for maintaining consistent quality and process improvement in software development.
Internationally recognized for ensuring the confidentiality, integrity, and availability of information assets
Compliant with the European Union's General Data Protection Regulation, guaranteeing the secure handling of personal data and adherence to privacy best practices.
The EPC Verification of Payee (VoP) Scheme becomes mandatory for all SEPA payment service providers, ensuring standardized beneficiary verification across Europe