Verification of Payee is often framed as a market of commercial vendors. But the public sector is part of the landscape too. The Eurosystem — the ECB and euro-area national central banks — decided to offer its own VoP solutions, based on services developed by Banco de Portugal and Latvijas Banka and designed to follow the EPC VoP scheme. They sit close to TIPS, the Eurosystem's instant-payments settlement platform.
Why this exists
- To give PSPs — especially smaller ones — a scheme-aligned route to VoP that does not depend solely on commercial vendors.
- To support broad, consistent reachability across the euro area.
- To reinforce the Eurosystem's role around the TIPS instant-payments infrastructure.
What it does not remove
An available solution is not the same as a finished implementation. Whichever route you take — Eurosystem, an RVM, or a commercial provider — you still have to integrate, handle routing and the directory, manage certificates, meet timing, and operate the service 24/7. The choice is about who carries that work.
- 1 Understand the options: Eurosystem solutions, commercial RVMs, and full-service providers.
- 2 Weigh integration effort, coverage, performance and the operational burden of each.
- 3 Pick the model that matches your team's capacity and your reachability needs.
More options, same questions
Public or commercial, the hard parts of VoP — integration, routing, certificates, uptime — do not disappear. They just move.
RoxPay gives you a single, scheme-compliant integration that handles routing, the directory, certificates and timing for you — a fast path to VoP whether or not your market also has a Eurosystem option.