This post was originally published on Finextra (Security)
Belgian banks are the first in the Eurozone to go live with Verification Of Payee (VOP), well ahead of the October 2025 deadline set by the EU Instant Payments Regulation.
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With this milestone, SurePay, Europe’s largest VOP vendor, officially welcomes Belgium into its rapidly growing European VOP community.
Thanks to this expansion, banks in Belgium and the Netherlands can now perform mutual VOP checks. This provides enhanced protection for cross-border payments within the EU—including for customers of these banks with accounts in other European countries.
Country-level approach benefits Belgian banks, businesses and consumers
Like the Netherlands and Denmark, Belgium has opted for an extended version of the standard VOP service. This enhanced approach provides clearer notifications to payers, more data for banks to detect fraud early, and support for country-specific needs such as multilingualism (French, Dutch and German) and special characters. The result: 30% more effective fraud prevention, higher customer satisfaction, reduced liability for banks, and a safer payment experience for consumers.
SurePay now processes 200 million VOP checks per month. Once batch payment verification is added, this figure is expected to double.
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