There are four possible outcomes of the matching process: Match, Close or Partial Match, No Match, Service Unavailable. ”With VOP, you remain in control — you can choose to proceed, correct the name and retry, or cancel the payment request, regardless of the VOP check result.” If the name you typed in does not match the IBAN, you’ll see a ‘Payee name does not match’ message on screen. We advise you to check the name with the payee by calling them on a known trusted phone number before continuing with the payee or payment. How does confirmation of payee work and what does it mean for you? It checks the account name, sort code and account number matches the one on the payee’s account. Most of the time you will get a match, no match, or a close match. The results you can get are shown below. As of October 9, 2025, banks will be required to verify the recipient’s name against the IBAN before authorizing a SEPA transfer. This so-called “Verification of Payee” (VoP) is part of a new EU regulation. The Verification of Payee scheme requires service providers to determine the correct BIC address associated with an IBAN before performing the request. Our IBAN Suite service provides this functionality through fast and simple REST based API for automation. Verification of Payee is a fraud-prevention service that checks whether the account name you enter when setting up a payment matches the name on the recipient’s (person you are sending to) bank account. Verification of Payee is an added security measure for SEPA (Standard and Instant) and Zippay payments. This service lets you check the name on the account you are paying before making a payment. With VOP, before making a payment, you must verify that the name of the payee account matches the name of the person or business that you have included on your payment. Verification of Payee is a service that allows you to check, before making a bank transfer, that the beneficiary’s name matches the entered IBAN code. This check can also be performed on the commercial names of companies, considering that some of them have multiple names. Verification of Payee (VoP) secures SEPA transfers by matching names to IBANs, reducing fraud. See how it works and the readiness of EU banks and EMIs.