Zasoby Verification Verification of Payee

An open-banking service that retrieves account information (balances, transactions) with the titularul contului's consent. Part of RoxPay's open-banking gateway alongside PIS and VoP.

Verifying many begunstigde names against their IBANs in one batch — typically a supplier or payroll file from an ERP — before releasing a payment run, to catch errors and fraud at scale.

The VoP outcome where the submitted name matches the titularul contului for that IBAN. The lowest-risk result — safe to proceed. The scheme code is MTCH.

The name is almost right — a missing middle name, or a legal name vs a trading name. The response carries the verified name as a suggestion so the payer can confirm or correct rather than reject the payment. The scheme code is CMTC.

The EU regulation on electronic identification and trust services. It defines the qualified certificates (such as QWACs) that underpin the mutual authentication of the VoP API.

The central directory of the VoP scheme that maps participating PSPs to the routing mechanism (RVM) through which they can be reached, so requests are routed to the right place.

The UK name for the same concept: checking the begunstigde name against the account before paying. "Verification of Payee" is the European equivalent governed by the European Payments Council (EPC).

A business APP scam where a fraudster changes the bank details on a legitimate invoice (an "IBAN swap"). Verifying the supplier name against the IBAN before paying surfaces the swap before the money leaves.

The international code identifying a bank. A VoP response includes the responding institution's BIC, so you know which bank answered the verification.

The service that connects a PSP to the VoP scheme and routes each request to the responding PSP that holds the destination account. RVMs are interoperable, so joining one reaches participants on the others.

The SEPA scheme for euro overboekingen settled in seconds, around the clock. Because instant overboekings are irrevocable almost immediately, a pre-payment begunstigde check is the most effective safeguard.

The submitted name does not belong to the IBAN — the classic red flag for fraudă APP or a mistyped account. It is a valid response (not a transport error): treat it as a hard stop before authorising. The scheme code is NMTC.

Verification could not be completed — for example the begunstigdeului bank did not respond. The payment is not blocked automatically; the payer is informed and decides whether to proceed. The scheme code is NOAP.

Regulated access to bank accounts via APIs, covering payment initiation (PIS) and account information (AIS). RoxPay delivers Verification of Payee on the same European open-banking infrastructure as its PIS/AIS services.

For legal persons, the VoP scheme allows verification against an organisation identifier — such as an Italian Partita IVA or Codice Fiscale — as well as the name, which helps when a trading name differs from the registered name.

Fraud where a victim is tricked into authorising a overboeking to an account controlled by a fraudster — a fake invoice, a spoofed supplier, a "safe account" call. Because the payer approves it, traditional controls rarely fire; a name check exposes the mismatch.

An open-banking service that initiates a payment directly from the payer's bank account on their behalf. On RoxPay it sits alongside Verification of Payee, so you confirm the begunstigde and then initiate the overboeking on one platform.

In a VoP exchange the requesting PSP (the payer's side) asks whether a name matches an account; the responding PSP (the begunstigdeului bank) returns the outcome. A provider like RoxPay can act on either side.

An eIDAS certificate — the same type used in PSD2 Open Banking — used for mutual TLS so the requesting and responding PSPs can prove they are regulated parties before exchanging a VoP answer.

The rulebook and standardised API framework, governed by the European Payments Council, that lets PSPs exchange Verification of Payee requests and responses across SEPA in an interoperable way.

Plain-language term for comparing an titularul contului's name against an IBAN. It is the core operation behind Verification of Payee and the answer only the begunstigdeului bank can give authoritatively.

The Eurosystem's platform for settling instant euro payments around the clock. The Eurosystem also offers VoP solutions aligned with the EPC scheme, sitting close to TIPS.

The EU law that makes euro instant payments universal i Verification of Payee mandatory and free for payers. It is the legal basis for the VoP obligation, with deadlines of 9 October 2025 (euro area) and 9 July 2027 (non-euro area).

A real-time check that confirms whether the name entered for a payment belongs to the destination IBAN, before a SEPA overboeking is authorised. It returns a standardised outcome (Overeenkomst, Bijna overeenkomst, Geen overeenkomst, not applicable) so the payer can send, correct or stop.