Starting October 2025, a new European rule on SEPA transfers comes into force: Verification of Payee (VoP). Specifically, banks will have to verify that the beneficiary's name exactly matches the IBAN before executing a transfer.
If the name and IBAN do not match, the transfer may be blocked or delayed. For businesses, this means: correct invoices, exact and up-to-date bank details.
What Does the New SEPA Standard Change for You?
- You must indicate the beneficiary's official name (full company name or personal name).
- The IBAN must match this name as registered by your bank.
- Customers entering your details will see an alert message if the information is not consistent.
This evolution aims to reduce payment errors and fight fraud.
Peppol Box is Already Ready for the New SEPA Standard
With Peppol Box, you are compliant today:
- Your bank details (name + IBAN + BIC if necessary) are stored once in your account.
- They are automatically inserted into all your invoices.
- The SEPA QR code generated by Peppol Box is updated according to official EPC rules.
- Your customers can scan the code and initiate a compliant SEPA transfer in seconds, without risk of error.
And above all: your Peppol (UBL) structured electronic invoices already integrate the beneficiary's name and IBAN, ensuring perfect compatibility with the new SEPA standard.
Benefits for Your Business
- Guaranteed compliance from October 2025.
- Accelerated payments thanks to the standardized SEPA QR code.
- Fewer errors: your bank details are correct and uniform, whether on your PDF invoices or your Peppol electronic invoices.
- Professional image: modern, clear and easy-to-pay invoices.
In Summary
The new SEPA 2025 standard is mandatory and will impact all euro transfers. With Peppol Box, you have nothing to worry about: your invoices already integrate the beneficiary's name and IBAN, and your SEPA QR codes are compliant.
Activate your bank information in Peppol Box now and make sure you're ready for October 2025.