Verifying a company is not the same as verifying a person. 'ACME', 'ACME Ltd', 'ACME Trading Limited' and 'ACME (UK)' might all refer to the same business - and a name-only check can return a Bijna overeenkomst for any of them. For business payees, Verification of Payee offers a better key.
Why company names cause Bijna overeenkomstes
- Trading name vs registered legal name.
- Suffixes and forms: Ltd, Limited, GmbH, S.r.l., S.p.A.
- Abbreviations, punctuation and group/parent naming.
Match on the id, not just the name
For legal persons the regulation allows matching on an organisation identifier - like a VAT number or LEI. Sending one alongside the name turns a fuzzy name comparison into a precise check.
Using organisation identifiers
When you hold a reliable organisation identifier for a business payee, send it with the verification. Matching can then key on the identifier rather than wrestling with name variants, which both reduces false Bijna overeenkomstes and increases confidence in a clean match.
Designing for business payees
- 1 Capture an organisation identifier (e.g. VAT) for business payees where you can.
- 2 Send it with the name so matching isn't name-only.
- 3 Still handle Bijna overeenkomst gracefully for cases where only a name is available.
RoxPay's Verification of Payee supports organisation-identifier matching for legal persons, so verifying companies is more reliable than a name-only comparison - fewer false Bijna overeenkomstes, more clean confirmations.