Verification of Payee in Ireland
How Irish banks, PSPs and businesses use Verification of Payee — the IBAN name check — to meet the EU Instant Payments Regulation and curb APP fraud.
What Verification of Payee means for the Irish market
Ireland is a fast-growing fintech and payments hub and, as a euro-area country, its payment service providers are in the first wave of the Verification of Payee obligation.
Verification of Payee confirms that the name a payer enters matches the IBAN before a transfer is sent, returning a clear match, close match, no match or not-possible result in real time.
With authorised push payment fraud a well-publicised problem in Ireland, VoP is both a compliance requirement and a practical defence that warns payers before money leaves the account.
Verification of Payee in Ireland at a glance
The essentials for the Irish market.
Euro-area country
Ireland uses the euro, so its PSPs are in the first wave of the VoP obligation.
Fintech hub
A dense ecosystem of banks and fintechs adopting modern payment rails.
Fraud focus
VoP targets the APP fraud that has drawn strong attention in Ireland.
Key Verification of Payee dates
How the obligation applies to euro-area PSPs like those in Ireland.
- Jan 2025
Instant payments receiving
Euro-area PSPs must be able to receive SEPA instant credit transfers.
- 9 Oct 2025
VoP & instant sending
Euro-area PSPs must offer Verification of Payee and send instant payments.
- 9 Jul 2027
Non-euro extension
Non-euro-area EU PSPs join the obligation, widening coverage further.
Value across the Irish payment chain
The same check, value for every party.
Banks & PSPs
Meet the regulation and join the SEPA VoP scheme through one integration.
Businesses
Verify supplier and payroll IBANs before paying, cutting invoice-redirection fraud.
Payers
A clear confirmation before money leaves — reassurance on every transfer.
Verification of Payee in Ireland
Common questions for the Irish market.
Yes. As a euro-area country, Irish PSPs must offer Verification of Payee under the EU Instant Payments Regulation, with the key date of 9 October 2025.
Yes. By warning a payer when the payee name does not match the account, VoP directly targets the authorised push payment fraud that has been widely reported in Ireland.
It applies to payment service providers offering euro credit transfers, which covers banks and PSPs across the Irish market.
By connecting to the SEPA VoP scheme through a provider like RoxPay, an Irish PSP can go live with a single integration instead of building scheme adherence alone.
Add Verification of Payee in Ireland
Talk to RoxPay about going live with VoP for the Irish market through one integration.