IBAN to BIC mapping clarifications
- Background
The aim of this document is to provide clarifications about the BIC (Business Identifier Code) to be used to corre
Frequently asked questions about "Verification Of Payee scheme"
8 questions
When will the EDS specifications be available?
The EDS related documentation will be published progressively in March and April 2025.
Is it possible to set the Operational Readiness Date (ORD) in the EDS to a time before the VOP Rulebook comes into force (5 October) for testing purposes?
Consistently with the Rulebook, the ORD as set in the EDS and ROP may not be set at any date earlier than 5 October 2025 (the effective date of the VOP scheme).
As a PSP, I received an email with my access to the EPC Directory Service (EDS) platform, but I am planning to use a RVM which will manage my data the EDS registration and update on my behalf. What should I do?
A PSP that is planning to use an RVM in the future and to rely on this RVM for EDS registration and update can ignore the email received with its access to the EDS for the time being.
As a PSP, I originally opted for a Standard EDS onboarding, but I want to change to a Simplified EDS onboarding. What should I do?
There are two main options for onboarding into the EDS:
When more than one URI is indicated by a VOP participant in the EDS, which URI should be used by the Requesting PSP? Which policy should be used to select the URI?
Priority 1 URI should always be used by the Requesting PSP as the “default” URI.
Will the EDS test environment remain available after the go-live?
The EDS is actually based on two sub-systems.
Which BIC(s) should be stored in the EDS? Status on the IBAN to BIC mapping issue
As previously communicated each VOP scheme participant is uniquely identified in the ROP and in the EDS only by one BIC (the “participant BIC”), provided during the VOP scheme adherence process in the Schedule to the Adherence A