EBA CLEARING and OP Corporate Bank completed the first Verification of Payee (VOP) calls using EBA CLEARING’s FPAD VOP solution, advancing the pan-European roll-out. This positions OP Corporate Bank nine months ahead of the EU Instant Payments Regulation deadline, with other STEP2 and RT1 participants preparing for broader SEPA integration. Available since December 2024, the VOP service aims to enhance fraud risk management and compliance with the European Payments Council’s VOP Scheme.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
EBA CLEARING and OP Corporate Bank announced the successful completion of the first Verification of Payee (VOP) calls using EBA CLEARING’s newly launched FPAD (Fraud Prevention and Anomaly Detection) VOP solution, marking an early operational step toward pan-European VOP roll-out.
The implementation moves OP Corporate Bank nine months ahead of the 9 October 2025 VOP deadline set by the EU Instant Payments Regulation, with other STEP2 and RT1 participants preparing to interface with the solution for broader SEPA roll-out. EBA CLEARING’s VOP service has been available to RT1 and STEP2 users since December 2024 and is intended to help payment service providers meet both the regulation’s requirements and the European Payments Council’s VOP Scheme, while using FPAD to add network-based fraud risk indicators beyond basic IBAN/name verification and to manage end-user friction.
EBA CLEARING positioned the early availability of FPAD-enabled VOP as giving PSPs time to ramp up and tune multi-channel integrations ahead of the expected increase in instant payment volumes around the October 2025 deadline.
EBA Clearing announced that over 55 RT1 and STEP2 participants from 14 countries are set to adopt its Fraud Pattern and Anomaly Detection Verification of Payee (FPAD VOP) solution, as mandated by the Instant Payments Regulation. The May 2025 release integrates the European Payments Council’s Directory Service and aligns the VOP interface with its…
EBA CLEARING completed pan-European volume testing of its Fraud Pattern Anomaly Detection Verification of Payee (FPAD VOP) solution with STEP2 and RT1 users, assessing readiness for the Instant Payments Regulation. The exercise involved interoperability and performance checks, with over 55 participants across 14 countries preparing to adopt the…
EBA Clearing announced the successful 9 October 2025 changeover by user communities of its RT1 and STEP2 SCT services under the Instant Payments Regulation (IPR). The upgrades include Verification of Payee (VOP) requirements for eurozone credit institutions and a pan-European VOP solution utilizing Fraud Pattern and Anomaly Detection (FPAD)…