As of October 2025, payment service providers based in a SEPA country with euro currency will be subject to a legal obligation. For SEPA transfers and SEPA instant transfers, it must be verified that the name of the payee matches the specified IBAN, which is known as Verification of Payee or VOP for short. For more information see the chapter Quick guides - Verification of payee (VOP).
The verification of payee (VOP) is coordinated by the EBICS bank server and carried out by the bank of the payee or its service provider. In BL Banking, you initiate the verification process. Based on the results, you can then decide whether to approve payments. If necessary, you can also correct the names of SEPA payees based on the verification results. For this, codes with the following meanings are available.