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Erwin Kulk of EBA CLEARING highlights how Payment Service Providers (PSPs) can enhance security by implementing Verification of Payee (VOP) checks.
Verification of Payee, fraud prevention, instant payments
We spoke with Frédéric Viard and Erez Nounou from Bottomline about Verification of Payee (VoP) in SEPA Instant Payments, focusing on speed, security, and fraud prevention.
fraud prevention, Verification of Payee, banks, financial institutions, APP fraud, payments , instant payments