You cannot opt-out of Verification of Payee for single payment orders. However, in accordance with the Instant Payments Regulation, Convera is required to provide its corporate customers with the means to opt out from receiving the VoP service when submitting multiple payment orders as a package.
After careful consideration, to comply with this requirement and to ensure a seamless, efficient payment processing service with minimal delays, Convera has decided to apply a default opt out to all of its corporate customers for batch payments (for eligible systems*).
Please note that you can opt back in at any time (please see the “Opt in/Opt out process” section below).
For the avoidance of doubt, VoP is still required for all single payment orders even if submitted through a batch payment platform.
*If you’re using GlobalPay, GP+, FX360 and Masspay, Verification of Payee will be disabled by default for bulk payments starting from October 9. Edge and GPFI users will be applied a default opt-out for bulk payments starting from October 11.