The European Payments Council has brought its Verification Of Payee (VOP) scheme rulebook into force as of 5 October 2025, positioning it as a practical tool to strengthen payment security and support payment service providers’ implementation of new EU requirements. The rulebook is intended to help PSPs meet obligations under the EU Instant Payments Regulation, which amends the Single Euro Payments Area Regulation and becomes effective for Eurozone PSPs on 9 October 2025.
European Payments Council 2025-10-06
European Payments Council brings Verification of Payee scheme rulebook into force to support EU Instant Payments Regulation compliance
The European Payments Council has implemented its Verification Of Payee scheme rulebook to enhance payment security and assist payment service providers in complying with new EU requirements. This rulebook supports obligations under the EU Instant Payments Regulation, which amends the Single Euro Payments Area Regulation and takes effect for Eurozone providers on 9 October 2025.