Technical specification for the Verification of Payee VOP API based on EPC103-24 VOP Inter-PSP API Specifications.
This API enables Payment Service Providers (PSPs) to verify payee information before executing SEPA payments, reducing fraud and payment errors through real-time verification.
Benefits
- Reduces fraud and misdirected payments
- Supports real-time name or identifier verification
- Complies with SEPA and EPC requirements
Standards
- VOP Scheme Rulebook (EPC218-23)
- Inter-PSP API Specification (EPC103-24)
- EPC API Security Framework (EPC164-22)