Verification of Payee represents a structural rethink of beneficiary validation across European payments. This chapter examines VoP's promise and practical complications, particularly for corporates using virtual accounts and collection-on-behalf-of structures.

Industry perspectives from EACT, BNP Paribas, SAP, and GLEIF explore the tension between regulatory ambition and operational reality. The analysis covers name-matching limitations, the case for global identifiers such as LEIs, and lessons from Brazil's taxpayer ID approach. Contributors emphasise that whilst implementation hurdles are substantial, VoP remains essential for building trust in instant payment rails.

Discover the full implications for your payment operations and compliance framework.