Verification of Payee (VoP) October 2025 deadline met; industry collaboration key to compl

Banfico issued a regulatory action on June 2, 2026.

Primary

Banfico

Date

June 2, 2026

Sub-sector

PAD/ACH & Bank Rails

VoP implementation shows regulatory deadlines are achievable through RVM collaboration. Sub-$250M payment/banking rails fintechs should note that compliance timelines are tightening and industry partnerships are essential to meeting requirements.

Primary company

Banfico

Counterparty

Not disclosed

Amount

Not disclosed

Event date

June 2, 2026

Sub-sector

PAD/ACH & Bank Rails

HQ

Not disclosed

Structure

Not disclosed

Source published

Not disclosed

Publisher

Finextra

Source: finextra.com