<ul><li>Tietoevry Banking has registered with the European Payments Council as a provider of routing and verification mechanisms (RVM) for verification of payee (VoP) solutions.</li><li>They have partnered with Movitz Payments to include confirmation of both payer and payee, adding an extra layer of security for banks and customers.</li><li>VoP solutions aim to reduce fraud and misdirected payments by confirming the identity of a payer or payee prior to any transaction.</li><li>These solutions are mandated for introduction across the Single European Payments Area (SEPA) by October 2025.</li></ul>

Tietoevry Banking Registration Enables it to Verify Payer and Payee Identities for European Banks

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