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VOP Process

VOP Request/Response Process Flow

BeneficiaryResponding PSPEDSRequesting PSPOriginatorBeneficiaryResponding PSPEDSRequesting PSPOriginatorPayment Initiation ContextDirectory Service LookupVOP Request ProcessingResponse Handlingalt[Match Found][No Match/Close Match][Error]Initiates payment withBeneficiary name + IBANQuery Responding PSP detailsReturn API endpoint + certificateVOP Request (name + IBAN)Validate requestCheck IBANMatch nameVOP ResponseConfirm matchWarning/Additional verification neededError message

VOP Scheme Roles and Interactions

Scheme Infrastructure
Participants
Initiates payment
Holds account
Adheres to
Adheres to
Queries
Registered in
Manages
Oversees
European Directory Service
Scheme Rules
Scheme Management
Originator
Beneficiary
Requesting PSP
Responding PSP

Process Flow Description

  1. Payment Initiation:

    • Originator initiates a payment with beneficiary name and IBAN
    • Requesting PSP receives and validates the initial request
    • Directory service lookup to find the Responding PSP

  2. VOP Request Processing:

    • Secure communication establishment between PSPs
    • IBAN validation and account verification
    • Name matching using specified algorithms
    • Response generation based on match results

  3. Response Handling:

    • Match: Payment can proceed normally
    • No Match/Close Match: Warning to Originator
    • Error: Technical or business error handling

Scheme Participants and Roles

  1. Key Actors:

    • Originator: Payment initiator
    • Beneficiary: Payment recipient
    • Requesting PSP: Sends VOP requests
    • Responding PSP: Processes verification requests

  2. Infrastructure Components:

    • European Directory Service (EDS): Central participant directory
    • Scheme Rules: Governing framework
    • Scheme Management: Oversight and governance

  3. Operational Requirements:

    • Mandatory participation in EDS
    • Compliance with security requirements
    • Service level agreements
    • Data protection and privacy standards