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Atul Verma

Principal Payments Architect
Icon Solutions
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Atul Verma

Navigating Verification of Payee: UK, EU and globally

Verification of Payee (VoP) is an additional mandatory layer of payments protection to avoid payments in error and to prevent fraud such as an Authorised Push Payment (APP). With the increased adoption of instant payments (FPS, SEPA Instant), users have potentially become more susceptible to fraud as there is less time to intervene and stop the pay...

28 January 2025 /payments

Atul Verma

Building Operational Resiliency in Payments

Although IT resiliency has long been a common theme and practice for financial institutions, the rapid digitalisation of financial services is underscoring its importance. Over time, the financial system has become progressively more connected and in turn the risk of operational disruption more acute. As a result of threats to financial stability, ...

18 July 2022 /payments Banking Architecture

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