If keeping all of your data in-house is critical, Qombo provides an On Demand solution that lets you provide real-time responses to Verification of Payee (VoP) requests.

How it works

Whenever a PSP sends a VoP request, Qombo will call the API endpoint you implement to fetch the specific data associated with the requested IBAN. You must return the necessary information about the account holder, such as:

Account Holder’s Name
Company Registration Number
Other relevant details as needed

Qombo’s Responsibilities

Qombo manages the following:

Validates and authorizes incoming requests from other PSPs.
Requests the account holder data from your API.
Performs the identity match based on EPC’s VoP scheme.
Sends the verification response back to the requesting PSP.

Your Responsibilities

You are responsible for:

Implementing an API endpoint that returns all relevant information about an IBAN when requested.
Ensuring the performance and availability of your endpoint to meet the demands of the VoP system.

Performance & Availability

Since the On Demand solution relies on real-time data retrieval, it’s crucial that your API endpoint meets the highest availability standards:

24/7 uptime – ensure your endpoint is always online for uninterrupted functionality.
Fast response times – ensure your API can handle requests efficiently to avoid delays.

Downtime & Error Handling

In the event of downtime or an unresponsive API, Qombo will respond with a 500 Internal Server Error to the PSP.