What are the possible outcomes of Verification of Payee?

  • MATCH: The Match outcome occurs when the verification reveals a match between the IBAN and the beneficiary data provided by the paying customer
  • NO MATCH: The No Match outcome occurs when the verification reveals a mismatch between the IBAN and the beneficiary data provided by the paying customer.
  • CLOSE MATCH: The Close Match outcome occurs when the verification reveals a partial match (minimal discrepancies) between the IBAN and the beneficiary data provided by the paying customer. The suggestion will always be visible.
  • NOT PARTIC: This outcome occurs when the beneficiary's intermediary does not participate in the verification service, even if obliged to offer this service.
  • OUT OF SCOPE: This outcome occurs when the beneficiary's intermediary does not participate in the verification service and is not obliged to offer this service pursuant to Regulation (EU) 886/2024.
  • NO APP: This outcome occurs when the beneficiary's intermediary was unable to perform the verification. Verification of the IBAN provided by the paying customer for reasons related to the beneficiary's bank account (e.g., closed or non-existent account).
  • CHECK NOT POSSIBLE: This outcome occurs when the beneficiary verification was not possible.

Please refer to the Information Note on Beneficiary Verification for further details.