katzenbergerStarting October 9th, European #banks will conduct a "Verification Of Payee" (#VOP), e.g. for #SEPA #MoneyTransfers between accounts: The name of the recipient that you type in must be the same as the name registered as the the target account holder.
The verification flow (p.23 of the document) shows an interesting twist, if the name you typed is not fully identical, but a "close match": you'll be notified.
Watching the respective info videos of banks, this is likely going to be a screen dialog: "Did you mean [registered name]?".
Probably a fringe case, but if you have "found" a nondescript IBAN that you suspect belongs to a specific person, you should be able to check that:
Trigger a pseudo money transfer to the IBAN you found, and slightly misspell the name of the suspected account holder. If your guess was right, the "Did you mean [registered name]?" dialog will pop up and confirm the bank account is that of the suspected person.
https://www.europeanpaymentscouncil.eu/document-library/rulebooks/verification-payee-scheme-rulebook
Verification Of Payee Scheme Rulebook
Following a public consultation on the proposed Verification Of Payee (VOP) scheme rulebook and the proposed European Payments Council’s (EPC) recommendations for the matching processes under the VOP scheme rulebook, the EPC is launching the first version of the VOP scheme rulebook developed to support payment service providers (PSPs) in the Single Euro Payments Area (SEPA) that will be required to comply with legal obligations on the verification of a payee in the case of credit transfers as outlined in the proposed EU Instant Payments Regulation (IPR) amending the SEPA
Spar|fin|dig :: Jan 