SumUp strengthens security for merchants, as “Verification of Payee” comes into effect
SumUp strengthens security for merchants, as “Verification of Payee” comes into effect

Starting today, as part of the new SEPA Instant Payments Regulation coming into force, all banks and payment providers must now introduce Verification of Payee (VoP). This new requirement is designed to increase trust and security in euro transfers by checking that the account number (IBAN) and the beneficiary’s name match before a payment is […]

  • Published date: 10-10-2025 04:00 PM