Verify Supplier Bank Details Before Payment
euro-V and alseda Bring Pre-Verification of Payee to SAP
New partnership integrates real-time IBAN and account holder verification into SAP payment processes – to prevent wrong supplier payments, payment returns and BEC fraud.
Frankfurt am Main, Thursday, July 2, 2026 – euro-V and alseda Consulting are announcing a partnership that helps companies verify supplier bank details before payment within SAP-based payment processes. The cooperation combines euro-V’s proven Verification of Payee infrastructure with alseda’s SAP and payment expertise to prevent wrong supplier payments, reduce payment returns and protect against payment fraud, phishing and manipulated bank details. At the centre is the solution alseda PreVOP – Pre-Verification of Payee, which validates IBAN and account holder before a payment is executed – right where risk arises: when supplier bank details are created, changed or used in SAP.
Why supplier bank details verification matters before every payment
As invoicing, supplier portals and payment processes become increasingly digital, the attack surface for cybercriminals grows. Business Email Compromise (BEC), phishing and payment diversion are used to manipulate existing supplier bank details and silently reroute payments to fraudulent accounts. At the same time, regulatory developments around Verification of Payee are putting the matching of IBAN and account holder name firmly in focus. For companies, this creates the need not only to rely on bank-side checks, but to establish their own control mechanisms before the payment is made.
This is exactly where pre-verification comes in: bank details are validated early in the process – when supplier bank accounts are created or changed, during invoice processing, and before payment runs.
How alseda PreVOP validates IBAN and account holder in real time
alseda PreVOP was built for SAP-based payment processes and supports the early validation of supplier bank details. The solution performs a real-time IBAN name check and integrates into existing procure-to-pay, treasury and payment processes. Instead of checking at the very end of the payment chain, verification happens where errors and manipulation typically occur – in vendor master data and during payment preparation.
euro-V and alseda Consulting: VoP infrastructure meets SAP integration
Within the cooperation, euro-V and alseda Consulting help companies integrate pre-verification into SAP-based payment processes, with a practical focus on treasury, accounts payable and centralized payment structures. euro-V acts as the specialist partner for payments, market development and regulatory context, and provides the technical infrastructure for pre-verification: the validation of IBAN and account holder runs through euro-V’s VoP gateway, which connects alseda PreVOP to the relevant Verification of Payee services. The partnership therefore combines SAP-integrated process support with a high-performance, regulatory-compliant verification platform for the early validation of payment data.
alseda PreVOP at a glance – key capabilities
alseda PreVOP can be integrated into existing procure-to-pay, treasury and payment processes and, in particular, enables:
- Pre-verification of supplier bank details before payment
- Real-time IBAN name check for suppliers, business partners and HR
- Validation when supplier bank details are created or changed
- Integration into SAP-based payment and treasury processes
- Fraud prevention and payment diversion prevention
- Fewer wrong payments and payment returns
- Improved vendor master data quality in the accounts payable ledger
- Support for centralized payment hub and payment factory structures
- Early analysis and clean-up of master data under real VoP conditions to reduce risk and prepare a successful VoP opt-in strategy
By validating early, companies can detect risks before payment execution. This strengthens payment security and reduces manual clarification work in treasury and accounts payable.
“In payments, companies face the challenge of combining security and efficiency. The verification of payment data must not begin only at the end of the process. With the cooperation between euro-V and alseda Consulting, we are creating an approach that brings pre-verification into existing SAP processes and helps companies detect risks earlier. While alseda ensures integration into the SAP process landscape, euro-V provides the technical foundation for validating IBAN and account holder through its VoP gateway.”
Christian Fink, Managing Director, euro-V
“Cyberattacks on payment processes are rising sharply in the course of digitalization. Manipulated bank details from phishing or BEC attacks in particular pose a significant risk. With our solution, we enable early validation of bank details and support finance and treasury teams in securing their payment processes.”
Frank Bergmann, Managing Director, alseda Consulting
About euro-V
euro-V GmbH looks back on 40 years of experience in payments. The company provides solutions that give retail, industry, insurance, trades, fundraising, hospitality, the public sector and freelancers simple and efficient access to the digital euro and to modern payment processes.
About alseda Consulting
alseda Consulting specializes in SAP-based solutions for payments, treasury and financial processes. The company supports banks and enterprises across Europe in implementing secure, efficient and regulatory-compliant payment processes.
Further information on LinkedIn