In a world where instant payments are becoming the norm, the security of financial transactions has never been more crucial. This is where SEPAmail.eu's new VoP (Verification of Payee) service comes in.
The service will be available from October 9.
The aim of VoP:
- Enhance the security of bank transfers by allowing you to check in advance that the beneficiary of a transfer matches the IBAN provided.
This service is essential for combating bank identity theft fraud and securing payments throughout the ecosystem in France and Europe.
Thanks to this service:
- Input errors are reduced.
- Fraud is detected before the transfer is made.
- Transparency between customers and financial institutions is enhanced.
To learn all about how our VoP works, watch our dedicated video.