Verification of Payee
Secure, accurate payments powered by Crosskey RVM service
Payments are faster, more digital and more regulated than ever. Ensuring money reaches the right recipient is a critical compliance requirement. Crosskey's managed VOP service removes the underlying complexity, so your institution stays compliant and your customers get efficient, accurate payment verification.
Trusted by industry leaders
Key benefits
Full regulatory alignment at a lower cost
Avoid maintaining registry connections and infrastructure you do not need. Crosskey handles regulatory alignment, technical updates and continuous operations. Long-running VOP processes are automatically aborted, so responses are always delivered within EPC's 5-second requirement.
Automatic IBAN-to-BIC mapping
As a SwiftRef IBANplus licensee, Crosskey resolves IBAN-to-BIC automatically, removing friction and keeping payment requests on track.
Simple and fast onboarding
Fast-track your VOP participation with API-based integration. Scale your usage as transaction volumes and requirements grow.
Built for Verification of Payee. Designed for trust and scale.
Crosskey's VOP API helps banks and PSPs comply with the VOP scheme without adding operational complexity. We manage routing, identification and enrichment of VOP requests and responses across the payments ecosystem. The service is built for reliability, security and a smooth payer experience.
- End‑to‑end VOP scheme handling, including routing, PSP identification, and response enrichment
- Built-in operational safeguards, including time-limit assurance to keep payer experiences smooth.
- SEPA‑compliant name sanitization to reduce the risk of downstream payment rejections.
- Optional add‑ons, including automatic IBAN‑to‑BIC mapping and guidance on required PSD2 QWAC and TLS certificates
From implementation to operational partnership
Crosskey delivers VOP through a clear partnership model with defined responsibilities on both sides. Customers retain scheme ownership; Crosskey guides onboarding, handles compliance and manages the technical and operational complexity. The result is a scalable, secure VOP service with predictable costs.
- Clear partnership model with defined responsibilities for scheme participation and certification.
- Secure data handling via real‑time APIs or secure file transfers for account holder information.
- End‑to‑end service management covering verification logic, operations, monitoring, and reliability.
SaaS-based pricing with a fixed base fee covering platform access, operations and support, and a variable component that reflects actual usage.
Complementary Services
Let’s discuss your VOP setup
Whether you are implementing Verification of Payee for regulatory readiness or scaling verification volumes, we are ready to explore how the service can support your strategy.
