Frankfurt am Main, 2 July 2026 – euro-V and alseda Consulting have announced a partnership to help companies verify supplier bank details before payments are made in SAP-based payment processes. The collaboration combines euro-V’s established Verification of Payee infrastructure with alseda Consulting’s SAP and payment expertise to prevent incorrect supplier payments, reduce payment returns and lower the risks associated with payment fraud, phishing and manipulated payment data. At the centre of the partnership is alseda PreVOP – Pre-Verification of Payee, which validates the IBAN and account holder before a payment is executed – precisely where risks arise: when supplier bank details are entered, amended or used in SAP.
As the digitalisation of invoices, supplier portals and payment processes continues, the attack surface for cyber criminals is growing. Through Business Email Compromise (BEC), phishing and payment diversion, existing supplier bank details can be manipulated and payments redirected to fraudulent accounts without being detected. At the same time, the verification of IBANs and account holder names is becoming increasingly important due to regulatory developments surrounding Verification of Payee. This creates a need for companies not only to have payment details checked by their banks, but also to establish their own control mechanisms before a payment is made.
This is where pre-verification comes in: bank details are validated at an early stage of the process – for example, when supplier bank accounts are created or amended, during invoice processing or before payment runs.
alseda PreVOP was developed for SAP-based payment processes and supports the early validation of supplier bank details. The solution performs a real-time IBAN and account holder check and can be integrated into existing Procure-to-Pay, Treasury and payment processes. Verification does not take place only at the end of the payment process, but at the point where errors and manipulation typically occur: in the supplier master data and during payment preparation.
As part of the partnership, euro-V and alseda Consulting support companies in integrating pre-verification into SAP-based payment processes, with a practical focus on Treasury, accounts payable and centralised payment structures. euro-V acts as the specialist partner for payment transactions, market development and regulatory interpretation, and provides the technical infrastructure for pre-verification: IBAN and account holder verification is carried out via the VoP Gateway of euro-V, which connects alseda PreVOP to the relevant Verification of Payee services.
The partnership therefore combines SAP-integrated process support with a powerful, regulatory-compliant verification platform for the early validation of payment data.
alseda PreVOP can be integrated into existing Procure-to-Pay, Treasury and payment processes and provides, in particular:
By validating payment data at an early stage, companies can identify risks before a payment is executed. This strengthens payment security and reduces the manual clarification effort for Treasury and accounts payable teams.
“Companies face the challenge of combining security and efficiency in payment transactions. The verification of payment data must not begin only at the end of the process. Through the partnership between euro-V and alseda Consulting, we are creating an approach that brings pre-verification into existing SAP processes and helps companies identify risks at an earlier stage. While alseda ensures integration into the SAP process environment, euro-V provides the technical foundation for verifying IBANs and account holders through its VoP Gateway.” Christian Fink, Managing Director, euro-V
“As digitalisation continues, cyber attacks targeting payment processes are increasing significantly. Manipulated bank details resulting from phishing or BEC attacks in particular pose a significant risk. With our solution, we enable the early validation of bank details and support finance and Treasury teams in securing their payment processes.” Frank Bergmann, Managing Director, alseda Consulting
euro-V GmbH has 40 years of experience in payment transactions. The company provides solutions that give businesses in retail, industry, insurance, skilled trades, fundraising, hospitality, the public sector and the liberal professions simple and efficient access to the digital euro and modern payment processes.
alseda Consulting specialises in SAP-based solutions for payment transactions, Treasury and financial processes. The company supports banks and businesses across Europe in implementing secure, efficient and regulatory-compliant payment processes.