Verification of Payee compliance
How Verification of Payee aligns with GDPR, DORA, EU data residency and the SEPA VoP scheme under the Instant Payments Regulation.
How Verification of Payee meets the rules
Verification of Payee sits at the intersection of several regulatory frameworks. It is mandated by the Instant Payments Regulation, processes personal data under GDPR, and — for many PSPs — falls within the operational-resilience scope of DORA.
RoxPay delivers VoP in line with the SEPA VoP scheme rules, with EU data handling and the audit trails supervisors expect.
The result is a check that satisfies the obligation while respecting data protection and operational-resilience requirements.
Verification of Payee compliance at a glance
The frameworks that apply.
GDPR
Names and IBANs are personal data, processed under GDPR principles.
DORA
Operational resilience requirements apply to many PSPs using VoP.
SEPA VoP scheme
Delivered in line with the common European scheme rules.
The regulatory landscape
Where VoP fits among the rules.
- IPR
Instant Payments Regulation
Mandates Verification of Payee for euro credit transfers.
- GDPR
Data protection
Governs how names and IBANs are processed and retained.
- DORA
Operational resilience
Sets resilience expectations for many PSPs offering VoP.
What compliant VoP gives you
Meeting the rules with confidence.
Obligation met
Verification of Payee delivered as the regulation requires.
EU data handling
Data processed in line with EU expectations and residency needs.
Supervisor-ready
Audit trails and consistent responses for oversight.
Verification of Payee compliance
Common compliance questions.
VoP is mandated by the Instant Payments Regulation, processes personal data under GDPR, follows the SEPA VoP scheme rules, and falls within DORA's operational-resilience scope for many PSPs.
Names and IBANs are personal data, so VoP must follow GDPR principles such as data minimisation and purpose limitation. RoxPay processes only what the check requires.
DORA sets operational-resilience requirements for financial entities. For many PSPs, a VoP integration falls within that scope, so resilience and oversight of the service matter.
RoxPay handles VoP data in line with EU expectations, supporting data-residency needs for PSPs and businesses operating in the EU.
Talk compliance with RoxPay
Ask how RoxPay aligns Verification of Payee with your regulatory requirements.