What is VOP Verify?
VOP Verify is a tool that generates synthetic Verification of Payee (VOP) requests and sends them to your VOP environment for analysis. It evaluates the VOP responses to ensure your matching engine aligns with industry best practices and recommendations and that your system is working correctly. By quantifying matching performance, VOP Verify tests your system and gives you confidence that your VOP engine matches names correctly and returns accurate and complete results.
Getting Started
Before starting, register for a VOP Verify account. Once registered and verified, you’re ready to begin. If you want to know more about Verification of Payee take a look at our simple guide, or the detailed information from the European Payments Council (EPC).
3 Simple Steps
VOP Verify evaluates your Verification of Payee environment and matching engine in 3 simple steps:
1. Account Generation
VOP Verify allows you to create representative, synthetic, language-specific names and identifiers to test the matching performance of both personal and company accounts. The account data is completely synthetic and not subject to GDPR constraints.
Key features of account generation include:
Synthetic data generation
You can create a variety of personal and company accounts tailored to your testing needs.
Multi-language support
Accounts can be generated to test matching performance across different languages, name formats, and company types.
Customization
Upload your own datasets to test specific account holder names, character combinations, or business structures.
Once generated, these accounts will serve as the basis for your VOP evaluation. You can choose between various formats for the account data to make it simple to load into your VOP environment or, if necessary, perform external transformations to do this.
2. Request Creation
VOP Verify generates synthetic VOP requests based on a library of predefined scenarios, to create multiple account and name variations. These scenarios test the full range of your VOP environment’s matching performance.
Key points for request creation:
EPC Scenarios
VOP Verify uses scenarios that adhere to VOP name and identity matching recommendations from the European Payments Council (EPC), ensuring alignment.
Advanced Scenarios
Focus on the specific matching scenarios you need, such as those that test Match, Close Match, or No Match outcomes.
Breadth and Depth
You can customize the number and types of scenarios used, giving you full control over the scope of the evaluation.
Scenarios allow you to measure the matching performance of you VOP environment, and and allow you to determine how the environment:
- Handles common variations in account holder names
- Performs matching for different account types
- Ensures only the intended recipient’s account details are returned
- Prevents incorrect matched based on insufficient or incorrect information
- Filters and uses common personal prefixes (e..g. “Mr”, “Dr”) and company suffixes (e.g. “GmbH”, “S.A.”)
- Manages character replacements, phonetic variation and transliterations
- Ensures that up-to-date account holder details and status are processed correctly.
Once the VOP requests are generated, you can download them in a variety of formats. If needed, you can use transformation scripts to convert the requests for your specific use case or interactively process them as API calls to your VOP environment.
3. Response Evaluation
Once your VOP environment processes the synthetic requests, VOP responses are returned to VOP Verify for analysis.
Key elements of response evaluation:
Automated analysis
VOP Verify automatically evaluates whether match outcomes (Match, Close Match, or No Match) align with the expectations of the scenario.
Account name validation
It checks whether the correct account name is returned, especially in cases with multiple account holders, ensuring no erroneous data is disclosed.
Comprehensive reporting
Full details on match outcomes (Match, Close Match, No Match) are available in reports. These highlight what was evaluated and expected and resultant outcomes.
The evaluation report, available in PDF and other formats, provides detailed insights for business and compliance teams. It also highlights areas for technical improvement, helping your team fine-tune the VOP environment. If you would like to know how other PSPs are using VOP Verify take a look at this useful guide.
How the Process Works (End-to-End)
The end-to-end process is shown below:
1. Account Generation
Synthetic accounts: A synthetic or user-provided account data file, which should be downloaded from VOP Verify and loaded into the VOP environment under test.
Flexible formats: Multiple formats are supported, and external transformations can be done using provided example scripts.
Reusability: The same account dataset can be reused for different evaluations.
2. Request Creation
Scenario selection: Choose the scenarios that best meet your validation needs, whether aligned to EPC recommendations or custom matching scenarios.
Output: A VOP request file containing transformed names and data formats for validation. You can download it in various formats or run it as API calls.
Processing: Process the VOP requests in your VOP environment, and capture the VOP responses.
3. Response Evaluation
Upload VOP responses: VOP responses (e.g., API JSON outputs) can be uploaded to VOP Verify for automatic analysis.
Custom formats: VOP Verify is compatible with many formats, and additional transformation tools are available.
Reporting: Generate a configurable report that highlights any issues with the matching process or incorrectly returned account names.
VOP Verify Benefits
Validation with VOP Verify is quick and easy. Benefits include:
Evaluates the name matching engine’s performance
Ensures alignment with the European Payment Council (EPC) Rulebook and Matching Recommendations
Validates correct match outcomes for various scenarios
Prevents erroneous disclosure of incorrect account names
Supports Verification Of Payee system and matching engine optimization
Get in Touch
If you have questions, need a demo, or want to discuss how VOP Verify can help you, we’re here to help.