Verification of Payee in Podcasts

concept

Verification of Payee, a security feature that matches the name of the payee with the bank account details.

Mentions Over Time

2 mentions

Breakfast Business with Joe Lynam

Some notable changes for bank customers have come into force

So verification of payee or VOP, I think a lot of providers are calling it, is a name matching feature.

Breakfast Business with Joe Lynam

Some notable changes for bank customers have come into force

Now, the tricky one is the second bit of this, and that is VOP or verification of payee.