With Foconis to the optimal solution for Verification of Payee

 

INCREASING REQUIREMENTS

Final commitment as of October 2025

The requirements for security, speed and compliance in payment transactions are increasing noticeably, especially in the age of real-time payment transactions. Especially in order to guarantee customers a modern yet secure experience.

Verification of Payee (VoP), i.e. the comparison between IBAN and name before the actual payment is triggered, contributes to this claim and will ultimately become mandatory in October 2025.

OUR SOLUTION

Verification of Payee by Foconis

  • Experience and expertise: Thanks to our decades of experience in dealing with matching algorithms, we have already been able to lay a significant technological foundation for the requirements of IBAN name matching in the past.
  • Seamless integration: Our VoP solution can be seamlessly integrated into existing landscapes and workflows, ensuring smooth implementation and fast time-to-market.
  • Scalability and performance: Thanks to flexible container operation and a scalable architecture, our VoP gateway guarantees high performance even with increasing transaction volumes – regardless of the capability of your existing IT environment.
  • Available around the clock: Our highly available and certified operating architecture is designed for real-time payment transactions and guarantees availability and stability – 24/7.
  • Compliance and security: The solution fulfils all regulatory requirements in accordance with the IPR EU Regulation and EPC Rulebook (we are officially listed as an RVM with the EPC). It is also customisable to PSD2 interfaces to ensure the highest security standards.
  • Customisability and flexibility: The VoP gateway can be individually adapted to your in-house specifications and the latest EPC recommendations.
  • Improved user experience: Benefit from increased customer satisfaction thanks to the improved user experience and strengthen your brand.
  • Fail-safe updates: Thanks to the rolling update strategy, you are always up to date – without any interruptions in operation.
  • Transparent monitoring: Clearly structured log information enables simple error monitoring and increases transparency in your processes.

We look forward to your enquiry

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