Following a public consultation on the proposed Verification Of Payee (VOP) scheme rulebook and the proposed EPC recommendations for the matching processes under the VOP scheme rulebook, the European Payments Council (EPC) is launching the first version of the EPC recommendations for the matching processes under the VOP scheme rulebook.
This document provides guidance to the Responding payment service provider (PSP) on how to manage matching processes and determine the outcome of the matching process under the VOP Scheme Rulebook, with the aim to ensure user-friendliness and avoid payment initiation friction.