Frequently asked questions

Frequently asked questions about "Verification Of Payee scheme"

2 questions

EPC FAQ: #27461 — Verification Of Payee scheme — Last updated: 17/07/2025

Does the EPC certify the RVMs? What are the conditions to become RVM?

More details about the role of RVM and the related conditions will be published by the EPC at a later stage, expected within Q1-2025.

Read more about Does the EPC certify the RVMs? What are the conditions to become RVM?

EPC FAQ: #27466 — Verification Of Payee scheme — Last updated: 28/08/2025

Should the RVM (on behalf of the requesting or responding PSP) validate the timestamp? In cases when the maximum execution time is exceeded, the RVM could/should cut the connection and return an error to the requesting PSP?

From a practical point of view, the counter starts when the VOP request is initiated by the requester and materialized via the VOP request Timestamp (attribute AT-T056). It is then up to each scheme participant to agree wi

Read more about Should the RVM (on behalf of the requesting or responding PSP) validate the timestamp? In cases when the maximum execution time is exceeded, the RVM could/should cut the connection and return an error to the requesting PSP?

Frequently asked questions

Frequently asked questions about "Verification Of Payee scheme"

Frequently asked questions about "Verification Of Payee scheme"

Does the EPC certify the RVMs? What are the conditions to become RVM?

Should the RVM (on behalf of the requesting or responding PSP) validate the timestamp? In cases when the maximum execution time is exceeded, the RVM could/should cut the connection and return an error to the requesting PSP?

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