Verification of Payee (VoP) is a regulatory requirement under the EU Instant Payments Regulation (IPR). Starting from 9 October 2025, all Payment Service Providers (PSPs) in the Eurozone must implement name and IBAN matching before executing both SEPA Credit Transfers (SCT) and SEPA Instant Credit Transfers (SCT Inst).
As a PSP, ConnectPay will include the VoP response in the Initiate Payment API response body. As a BaaS Partner/BaaS Platform/BaaS API User you are required to display the received VoP response to your BaaS Clients via your platform’s front-end (e.g., mobile app, web application).
For integration details, refer to the VoP Implementation section.
Goals of Verification of Payee (VoP)
- Prevent fraud and misdirected payments
- Increase trust in instant payments
- Ensure name–IBAN checks before payment authorization
- Clarify liability in case of errors
VoP Implementation
When a BaaS Partner initiates a payment on behalf of a BaaS Client using the Initiate Payment API, the following parameters are mandatory in the request body:
creditorAccount.iban
creditorName
ConnectPay automatically performs the Verification of Payee (VoP) during the payment initiation process only when the paymentRail value is either:
- calculated by the backend as
SEPA_SCTorSEPA_SCT_INST, or - explicitly provided by the API user in the request body parameter
paymentRailasSEPA_SCTorSEPA_SCT_INST.
For all otherpaymentRailvalues, the VoP check is not applied.
Note! The requirement to perform Verification of Payee in these cases is mandated by the EU Instant Payments Regulation (IPR). It applies to all payment service providers and platforms operating within the Eurozone.