Payments:Unpacked

Hello Reader You are receiving this email as you recently subscribed to Payments:Explained - here's a test edition ahead of our formal launch. Thank you for being one of our test pilots, we'd love to receive your feedback - hit the button below and tell us what you think. Pilot feedback Here's a podcast we published on Spotify this morning. What Barbie teaches us about digital payments Think about Barbie’s journey in the film. She starts off in Barbie Land—a perfect, plastic world where...

What comes after Confirmation of Payee? It’s time to start preparing for EU Verification of Payee (VoP) for mainland / EU operations. Webinar: Thu 24 Oct at 10:00 – 11:00 BST Now that you’ve successfully implemented Confirmation of Payee (CoP) in the UK, it’s time to look ahead. If your payment services are extending into mainland Europe, the next critical step is to consider Verification of Payee (VoP). This is essential as Instant Payments become the norm across the EU. As UK Payment...

Verification of Payee (VoP) The European Commission has announced that a Verification of Payee (VoP) solution needs to be adopted by banks Europe-wide, as part of the Instant Payments legislation. This ensures that instant payments in euro are affordable, secure, and processed without hindrance across the EU. How does VoP work? When making a transfer online, Verifcation of Payee verifies the entered account details of the beneficiary prior to the actual transfer. European Verification of...