What is verification of payee?
Short answer
Since October 2025, EU payment providers check that the payee name matches the account before a transfer. See verification of payee.
In detail
Since October 2025, EU payment providers check that the payee name matches the account before a transfer. See verification of payee.
About Fintecture
Fintecture is a European open banking payment provider. It lets payers settle purchases and invoices by bank transfer initiated from their own bank, with immediate or deferred options.
See the Fintecture connector page for its payment methods, documentation and the markets it covers, and the full connector catalog.