Verification of Payee for EUR payments

New Requirement: Verification of Payee (VOP) for EUR Payments by EU Entities

To align with the European Payments Council’s Verification of Payee (VOP) scheme, we’ve introduced a new validation step for EUR payments initiated by European legal entities.

❗️

This requirement will become mandatory from 9 October 2025. EUR payments made by EU entities without a valid verificationId will be rejected after this date.

What’s Changed

New Endpoint: POST /v1/payments/verification
This endpoint allows EU-based entities to verify that the beneficiary details they hold match the details held by the beneficiary bank.

The response will include:

status: Match, No match, NearMatch, NotAvailable

verificationId: A unique identifier for the verification attempt

Updated Requirement for Payments:
When submitting a EUR payment as a European legal entity using POST /v1/payments, you must now include a valid verificationId in your request.

What You Need to Do

1. Use POST /v1/payments/verification to validate your beneficiary information before making a EUR payment.
2. Pass the returned verificationId in your POST /v1/payments request.

If you have any questions or need further assistance, please get in touch with our support team at [email protected]

Happy building! 🚀

The Alpha API Development Team