Verification of Payee for businesses & corporates
Verification of Payee isn't only for banks. Any company sending SEPA payments — payroll, suppliers, treasury — can confirm the payee's name before money leaves the account.
VoP isn't just for banks
Businesses that send euro payments are exposed to the same risk banks are: a valid IBAN that belongs to the wrong person. Fake invoices, changed supplier bank details and payroll diversion all rely on payments reaching an account that nobody checks against a name.
Verification of Payee closes that gap. Whether you pay through your bank's portal, an ERP, or directly via API, a name check turns a valid IBAN into a verified beneficiary — before the payment is authorised, not after the loss.
Where VoP protects your business
Supplier & invoice fraud
Fake invoices and changed bank details are the most common B2B scam. VoP flags a payee name that doesn't match before you pay.
Payroll
Verify employee IBANs before payday so salaries reach the right account — not a fraudster who hijacked an HR email.
Treasury & bulk payments
Screen beneficiaries across large payment batches without slowing down your payment run.
Vendor onboarding
Confirm a new supplier's bank details match their legal name at onboarding — not after a payment goes missing.
VoP by use case
Practical guides for finance and operations teams.
VoP for small businesses
Why SMBs are a prime target for payment fraud — and how VoP helps.
VoP for treasury & CFO teams
Beneficiary verification across corporate payment flows.
Accounts payable automation
Add a name check to your AP and invoice approval workflow.
Verify payroll IBANs
Check salary accounts before payday to stop diversion.
B2B vs B2C payments
How VoP applies differently to business and consumer flows.
VoP at e-commerce checkout
Verify the payee for bank-transfer and payout flows.
A valid IBAN isn't a verified payee
Your accounting system can confirm an IBAN is well-formed, but only a name check tells you the account belongs to the supplier or employee you intend to pay. That's what Verification of Payee adds.
FAQ
VoP is mandatory for payment service providers, but any business sending SEPA payments benefits from it. It's the most effective control against invoice fraud, payroll diversion and misdirected supplier payments.
Through a Verification of Payee API like RoxPay's, or a bulk file check. You send payee names and IBANs and get back the match outcome — no banking licence required.
It stops the most common version: payments sent to an account whose holder name doesn't match the expected supplier or executive. VoP returns a no match or close match so you can pause before paying.
Yes. Beyond single real-time checks, RoxPay supports batch verification for payroll runs and supplier files, so you can screen thousands of beneficiaries at once.
Protect your business payments with VoP
Talk to RoxPay about real-time and bulk Verification of Payee for your finance team.