PingPong and Form3 Partner to Enhance SEPA Account Validation with VoP Solution
PingPong has joined hands with Form3, accelerating the implementation of their Verification of Payee (VoP) solution by five months. This strategic move is aimed at turning regulatory compliance into a competitive advantage.
With this partnership, PingPong plans to utilize Form3’s VoP solution for SEPA account validation. By doing so, the company aims to implement compliance measures before the October 2025 deadline set by the European Payments Council (EPC), thereby positioning itself as a leader in delivering faster and more secure cross-border B2B transactions.
The VoP solution is designed with security at its core. Form3’s fully managed service will ensure compliance with regulations such as the Instant Payment Regulation (IPR) and PSD3, while also providing enhanced protection against authorized push payment (APP) fraud and payment errors. The solution offers seamless integration into existing infrastructure via a single API, ensuring efficient and secure operations.
Key Benefits of the Partnership
The Instant Payment Regulation is expected to bring about significant improvements in payment security and transparency for PingPong’s clients. By adopting this solution ahead of schedule, PingPong will be able to demonstrate its commitment to regulatory compliance while also focusing on growth and improving the overall customer experience.
Form3’s VoP solution is built with rolling scheme updates that do not disrupt service continuity. This feature, combined with a cloud-based A2A payments platform, ensures that customers can meet their regulatory requirements without compromising their operational efficiency.
