A VOP scheme participant should not try to send VOP requests to non VOP scheme participants (e.g., based outside the Eurozone of the EEA or outside the EEA).
As specified in the VOP scheme rulebook, the Requesting PSP must instantly communicate the VOP response to the Requester (Payer) as provided by the Responding PSP.
As specified in the SEPA Regulation, as amended by the Instant Payments Regulation (IPR), and in the VOP scheme rulebook, when the VOP response is a ‘No Match’ or a ‘Close Match’, the payers (requesters) must be informed accordi
The EPC Verification Of Payee (VOP) scheme is designed to allow the payment service providers (PSPs) in the European Economic Area (EEA) to comply with the new regulatory requirements outlined in the EU Instant Payments Regulation (IPR) within the
The Timestamp (attribute AT-T056) is always set by the Requesting PSP.
The final EDS technical specifications will be published by the EPC at a later stage, expected within Q1-2025.
At the moment, only inter-PSP API specifications were published, and it is not foreseen to publish ISO20022 messages for the customer-to-bank space.
According to the IPR, the Requesting PSP must notify the Requester about the outcome of the VOP check. It is up to the Requesting PSP to decide how to comply with this requirement.
In the second half of 2025 the Verification Of Payee Working Group will look into the possibility to give guidance about the bulk process.
The VOP Rulebook states that the maximum execution time for the Requesting PSP to get the VOP Response is 5 seconds, and preferably 1 second or less.
Supporting the combination, A is mandatory, but combination B is optional. The scheme participants do not have to support one (or several) identifier code(s) from the beginning; they can update the EDS whenever they are ready.
The EPC cannot provide any legal advice about compliance with legal regulations. Each scheme participant and market operator (including RVMs) must conduct their own compliance evaluations.
The EPC does not have the possibility to monitor this.
