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Home AI in Fintech

EPC issues RFP for API Test Toolbox for verification of payee

AiNEWS2025 by AiNEWS2025
2024-12-25
in AI in Fintech
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EPC issues RFP for API Test Toolbox for verification of payee
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The European Payments Council has issued a request for proposal (RFP) for an API Test Toolbox for the Verification of Payee scheme.

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The VOP scheme, developed by the EPC, will come into effect on 5 October 2025. It provides all Payment Service Providers (PSPs) in the European Union (EU) and European Economic Area (EEA) with a mechanism to verify the payee of an instant credit transfer

The VOP Scheme relies on the use of APIs for the inter-PSP messages. This creates a number of challenges to ensure cross-border reachability, interoperability and the well-functioning of the scheme between participants.

To this end, the EPC intends establishing a reference API test environment that will emulate both server-side and client-side VOP scheme interactions. Additionally, the EPC requires the VOP API Reference Toolbox to enable the stakeholders in the scheme to self-certify compliance with the VOP API.

The RFP will run from 23 December 2024 and the deadline for submissions, is Friday 17 January 2025.

Candidates interested in tabling a bid must first complete this form to receive the RFP document, and then submit their application via email.

Source link

#EPC #issues #RFP #API #Test #Toolbox #verification #payee

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