Verification of Payee (VoP)
The process, used for SEPA payments in the EU, of confirming that the account details provided match the registered account holder’s name to help prevent errors and reduce the risk of fraud.
Back to GlossaryThe process, used for SEPA payments in the EU, of confirming that the account details provided match the registered account holder’s name to help prevent errors and reduce the risk of fraud.
Back to Glossary