VoP is mandatory for euro-area PSPs offering SCT and SCT Inst since 9 October 2025 under the Instant Payments Regulation (EU) 2024/886, with the EPC VoP Scheme Rulebook in force since 5 October 2025 (EEA non-euro PSPs follow by 9 July 2027). Simulate how a payee name resolves against the account's registered name: Match, Close Match, No Match, or Verification Not Possible: with a deterministic matching engine and tunable thresholds, then score your VoP scheme readiness.
Move the thresholds to see how algorithm governance shifts false positives (fraud risk) vs false negatives (customer friction): the trade-off your VoP matching-governance policy must document.