Put simply, Verification Of Payee (VOP) is an important tool in reducing fraud. With Authorised Push Payment (APP) fraud accelerating globally, VOP helps to reduce the risk of fraud and misdirected payments by checking that the account information entered for a payee matches the information held by the payee’s bank. This is done by providing a ‘match’, ‘no match’ or ‘close match’ response. A ‘no match’ or ‘close match’ response can then help the payer decide if it is safe to proceed with the payment.