End-to-End Verification of Payee

Routing secure payments with accurate matching solution

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What is Verification of Payee and why is it important? 

The European Payments Council (EPC) introduced the Verification of Payee (VoP) Scheme to enhance payment security and reduce fraud within the Single Euro Payments Area (SEPA). VoP verifies that the name of the recipient matches the account details provided, reducing the risk of misdirected payments and fraud. The VoP scheme will be mandatory for all SEPA Credit Transfer (SEPA CT) and SEPA Instant payment service providers by 9 October 2025.

By enhancing the security and accuracy of digital payments, VoP fosters greater trust in online transactions, benefiting both businesses and consumers, either in a payer or payee role.

What is a Routing and Verification Mechanism (RVM)?

RVMs are mechanisms that ensure that every verification request is routed securely to the correct Payment Service Provider (PSP) while maintaining full compliance with EPC standards. They are the backbone of VoP transactions. 

Who needs an RVM? Any PSP and payment clearinghouse that requires compliance with the EPC rulebook and wants to enhance payment security.

Facilization’s role in the VOP Scheme

Within the EPC program, Facilization acts as a Routing and Verification Mechanism (RVM), ensuring that VoP requests and responses flow securely and efficiently. We provide full RVM services, acting as both a requester and receiver. 

Our fully managed VoP solution includes additional products and tools designed to deliver comprehensive end-to-end VoP services. With these enhancements, the Facilization VoP solution includes:

  • Routing of VoP Requests: Receiving and forwarding IBAN verification requests to the correct payment service provider (PSP) endpoints.
  • Beneficiary Data Verification: Managing the matching logic between IBANs and account holder information.

Additionally, Facilization offers a cloud-based, high availability solution that eliminates technical burdens for PSPs and ensuring surgical precision in EPC compliance.

Download our VoP Solution FactSheet

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Protect Every Payment with Facilization’s VoP solution 

With Facilization’s turnkey VoP solution, responses are processed in under 5 seconds. Whether it’s a match, no match, or close match, our solution provides accurate, real-time, reliable results.

  • Risk Management – 99.99% uptime, EV certificate protection, robust business continuity planning and API-level controls—keeping payments secure and uninterrupted.
  • High availability
  • Strong encryption & EV certificates
  • Web Application Firewall (WAF) & advanced load balancing
  • Ongoing security assessments & penetration testing

Why choose Facilization as your RVM partner?

Facilization delivers a turnkey Verification of Payee (VoP) solution, fully compliant with the EPC rulebook, ensuring that PSPs can meet technical and regulatory requirements effortlessly.

  • Seamless Integration – Manage the full process with a single partner, ensuring smooth implementation and ongoing support.
  • Instant Data Matching – Leverage the EPC-approved algorithm for fast, accurate verification.
  • Banking & Regulatory Expertise – Facilization’s deep understanding of banking challenges, combined with our commitment to delivering top-tier pre-integrated payment solutions, offers the best of both worlds.
  • Agility & Speed to Market – Our solution is ready for integration testing by May 2025, with expert support and plug-and-play connectors for hassle-free implementation.
  • Scalability as you Grow – Handle increasing payment volumes with zero disruptions. Our high-performance infrastructure adapts effortlessly, ensuring smooth growth without IT headaches.

By choosing Facilization, you gain a future-ready, compliance-driven solution that enhances payment security, reduces fraud risks and ensures precise adherence to EPC requirements, giving you peace of mind. Whether you need VoP verification, RVM routing, or both, our solution strengthens payment security and keeps you compliant with the evolving regulatory landscape.

Book a free consultation with our experts and ensure your PSP is VoP-ready before the 2025 deadline. 

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Oqeania Pepellashi

Product Development Director

Oqeania Pepellashi is a highly skilled Product Manager and Executive Board Member with a specialization in FinTech and SaaS solutions. With extensive experience in digital transformation, she leads the development of cutting-edge products in Digital Lending, Low Code Platforms, Cloud Data Solutions.

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Oqeania Pepellashi

Product Development Director

Oqeania Pepellashi is a highly skilled Product Manager and Executive Board Member with a specialization in FinTech and SaaS solutions. With extensive experience in digital transformation, she leads the development of cutting-edge products in Digital Lending, Low Code Platforms, Cloud Data Solutions.

Oqeania joined Facilization in September 2023 as a Product Development Director and has since been instrumental in driving product innovation, project execution and the integration of fintech solutions. With deep expertise in payments, Oqeania has played a key role in shaping Facilization’s solution strategy for our VoP/ RVM offering.

She plays a key role in driving innovation through strategic partnerships and is a keynote speaker at global conferences, where she shares her expertise in shaping the future of digital financial solutions.

Holding an Oxford Fintech Programme certification from Saïd Business School, coupled with a master’s in management information systems, Oqeania combines deep technical expertise with strategic business acumen to drive innovation in the product development team.

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Olti Qirici

Solution Architect

As a Solution Architect for Facilization, Olti designs solutions for Digital Banking, with the mission to enable a smooth and effective digital transformation for the Banking Sector. Through effective collaboration with our partners and within the organization, he facilitates the preparation of turnkey solutions for our customers.

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Olti Qirici

Solution Architect

As a Solution Architect for Facilization, Olti designs solutions for Digital Banking, with the mission to enable a smooth and effective digital transformation for the Banking Sector. Through effective collaboration with our partners and within the organization, he facilitates the preparation of turnkey solutions for our customers.

Olti joined Facilization in early 2011 as a Product Developer and has since played a leading role in product development, project management and implementation, and integration of Digital Banking Applications. A special contribution he has given in the development and implementation of BI and Data Warehouse solutions.

He started his career in 2006 in the IT Department of Alpha Bank Albania, where he became a supervisor of the Software Development Section and later, a supervisor of the Banking Application Section. Since 2009, he has been lecturing at the University of Tirana.

Olti graduated in Computer Science (5 years program) in 2008 with excellent grades from the Faculty of Natural Sciences in the University of Tirana. He has a Master of Science Degree in “Advanced Information Systems” and since 2014 he holds a Ph.D. in Computer Science.

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