ION Treasury Implements Mandatory EU Payee Verification Across Treasury Solutions
ION Treasury has launched Verification of Payee (VoP) capabilities across its treasury solutions to comply with the EU Instant Payments Regulation. The regulation requires verification of beneficiary names against IBANs before processing SEPA credit transfers and instant payments. ION's early implementation ensured customers could meet compliance requirements without disrupting workflows.
Topics: EU Instant Payments Regulation payment processing regulatory compliance treasury solutions Verification of Payee (VoP)