Verification of Payee has been mandatory for euro-area payment service providers since 9 October 2025, and version 1.1 of the EPC scheme rulebook takes effect on 20 September 2026. What an IBAN check does before the name match, what it cannot do, and the data work worth finishing before the date.
Verification of Payee, rulebook version 1.1: the 20 September 2026 checklist
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September 2, 2026
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ibanforge