The real-world impact of Verification of Payee

From 9 October, PSPs in the eurozone will be mandated to implement Verification of Payee (VOP) for all Single Euro Payments Area (SEPA) Credit Transfers and Instant Payments. While this represents a potentially significant leap in combating authorised push payment (APP) fraud, PSPs also face considerable pressure to meet a long list of obligations. Indeed,…

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