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Masterclass: Implementing Verification of Payee (VoP) – The First Step in Fighting Payment Fraud

Payment fraud is a growing challenge for businesses, and Verification of Payee (VoP) is a crucial first step in combating it. VoP helps ensure that the intended recipient’s name matches the account details before a payment is processed, providing an additional layer of protection against fraud. However, while VoP is a positive measure, it is not enough to wipe out payment fraud completely. This Masterclass will explore the practical implementation of VoP, but it will also highlight its limitations, including geographical restrictions, limited checks, and its position as too late in the payment chain. We will explain why fraud prevention solutions like Trustpair go further than VoP and are the ultimate tools to protect your organization across the entire payment chain. We’re thrilled to have two great speakers for this masterclass: Guillermo de la Fuente, EACT board member, experienced treasurer, and CoP expert as our corporate speaker, sharing his deep expertise on CoP, the UK's local VoP legislation. Cyrille de La Brunetière, Head of Strategy & Operations at Trustpair, bringing a wealth of experience in helping finance and operations teams solve complex challenges and working to build more secure, scalable, and fraud-resistant payment ecosystems. Key Takeaways: • Why VoP matters: Understand how VoP can help prevent fraud by verifying that payee details match the account information before a payment is made. • VoP limitations: Discuss the geographical and technical limitations of VoP and why it's not a silver bullet against payment fraud. • What goes beyond VoP: Learn how solutions like Trustpair's fraud prevention platform provide a more comprehensive approach by covering the entire payment chain, from vendor validation to ongoing monitoring. • Step-by-step guide to implementing VoP: Learn how to integrate VoP into your payment processes, but also understand when and why to adopt additional fraud prevention tools. • Case studies: Hear how companies are using Trustpair to prevent payment fraud at every stage of the process. Why You Should Attend: If you’re ready to go beyond basic fraud prevention, this session will provide you with the tools and knowledge to take your payment security to the next level. VoP is a great start, but comprehensive fraud prevention solutions are the key to staying ahead of increasingly sophisticated fraud tactics. ________________________________________ For Treasurers: • Learn how to integrate VoP into your treasury operations and reduce fraud risks in the short term. • Understand how Trustpair’s fraud prevention solutions go beyond VoP to secure your entire payment process, preventing fraud before it starts. Webinar Date & Time: 17th June 2025 / 11AM CET - Join us!

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