NEW:

• Verification of Payee (VoP): This update includes further preparations for the security measure that will become mandatory starting October 9, 2025, under the European Payment Services Regulation (PSR). From that date onwards, every money transfer must be checked prior to execution to ensure that the name of the payee entered matches the account holder of the specified IBAN, to prevent misdirected payments and to detect and prevent fraud attempts at an early stage.

Released on October 1st, 2025.