New EU regulations on payments: how to stay prepared with WinLine
From 9 October 2025, Verification of Payee (VoP) will become mandatory for all SEPA payments. Banks will then automatically check whether the payee’s name and IBAN match. The aim is to improve security, reduce fraud and minimise incorrect transfers. Businesses will automatically benefit from this protection as soon as their bank activates the verification process.
What does this mean for businesses in the EU?
Greater security: Fraud attempts, such as fake invoices, are made more difficult.
Fewer errors: Typos in recipient details or incorrect master data no longer lead so easily to incorrect transfers.
Mandatory from 2025: All banks must offer this check – and all payments will automatically go through it, provided the customer opts in.
We are currently still awaiting some technical details from the payment service providers. As soon as these are available, we will fully implement the VoP integration into the WinLine BANK module (formerly: WinLine ZAGL PRO) for WinLine Financial Account.