Verification of Payee » Verification of Payee (VoP)

I have a Convera issued IBAN, will Verification of Payee be conducted when a EU remitter is paying me?

All Convera-issued Virtual Accounts created in Europe and Malta for our clients will be shared to the EPC, so that if a remitter in Europe is paying a Convera issued Iban, it will be recognized for Verification of Payee.

Convera will be required to respond back on internal generated IBANs, i.e confirming the IBAN number, the name of the account holder and the status of the IBAN.

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