The ultimate guide to Verification Of Payee
European financial institutions must comply with Verification Of Payee (VOP) requirements by October 9, 2025. For our entire industry, VOP as a mandatory scheme is a new, still evolving concept.
Understanding its requirements, how the scheme will operate, and what steps your financial institution must take to ensure timely compliance is already a challenge.
Download our guide to learn how to choose and implement the right solution before the deadline.
Understanding its requirements, how the scheme will operate, and what steps your financial institution must take to ensure timely compliance is already a challenge.
Download our guide to learn how to choose and implement the right solution before the deadline.
Receive the guide in your inbox
What you will learn in this guide
A complete overview to the VOP scheme
Discover why VOP is becoming mandatory, understand how the scheme operates, identify the key participants, and learn which institutions need to comply.
The technical requirements for compliance
Learn the essential processes for handling VOP requests—both sending and receiving—and see how they impact your existing technical infrastructure.
How to choose the right VOP solution for your institution
Learn what criteria matter most when selecting a Routing and Verification Mechanism that fits your institution's specific needs.
About Numeral
Numeral is the gateway to Bacs and FPS for regulated financial institutions making connecting to schemes through a sponsor bank fast, easy and cost-effective. By exposing a single API across banks and payment methods, Numeral helps companies accelerate Bacs and FPS payments and reconciliations through real-time connectivity to banks, robust automations, and built-in controls.
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