alseda PreVOP – The pre-verification solution for SEPA VOP
Before making a payment, check that the account holder’s details and the IBAN are correct.Version: 1.0
Updated on 12. Jun 2026 by alseda GmbH
Version: 1.0
From October 2025, it will be mandatory in the euro area for SEPA credit transfers (SCT) and real-time transfers (SEPA Inst.) to carry out what is known as ‘Verification of Payee’ (VOP), i.e. the verification that the IBAN matches the account holder’s name. To do this, the payer’s bank must ask the payee’s bank whether the payee name provided by the payer matches the account holder on record at the payee’s bank.
Many businesses have currently decided to make use of the opt-out option for VOP (Verification of Payee), i.e. not to have their bank carry out the verification. This may seem sensible in the short term as a way of circumventing the complex and, in some cases, still relatively underdeveloped processes involved in VOP.
In the long term, businesses should take advantage of the opportunity offered by VOP – and thus by verifying the IBAN and account holder name – to proactively prevent fraud and erroneous transfers. VOP is not merely a regulatory requirement, but an effective tool for minimising risk in payment transactions.
To date, Verification of Payee (VOP) has been carried out by the payee’s bank and is therefore only performed at the end of the payment process. This late verification is undesirable, as errors in the VOP lead to considerable post-processing work for companies. Furthermore, it causes critical delays in the payment process, which can have a negative impact on turnaround times, liquidity management and payee satisfaction.
Prevention is cheaper than remedying damage. For this reason, alseda has developed a solution which – unlike the Verification of Payee (VOP) carried out by the house bank – validates the account holder’s name against the IBAN not at the end of the payment transaction process, but right at the start.
This enables companies, for example, to check whether the specified bank details for the transfer are correct even before an invoice payment is generated. Errors and attempted fraud are thus detected at an early stage, and the payment process is secured right from the start.
The alseda PreVOP solution offers an integrated solution for two scenarios: it supports both the initial cleansing of master data and the real-time verification of new account details (IBAN/account holder) within the payment process.
The solution can be used in SAP applications as well as with other ERP systems.
For SAP applications, the PreVOP solution is fully integrated into the SAP standard and offers a fully automated end-to-end process:
The alseda PreVOP solution is already integrated into the following standard SAP applications, amongst others (pre-verification in SAP):
The solution can be deployed flexibly in:
In principle, the alseda PreVOP solution can be accessed via existing API interfaces from various applications and system landscapes.
Please feel free to contact us regarding integration into your system landscape.
Contact us for further information at sales(at)alseda.com
On request
