On October 9, 2025, the new European Instant Payments Regulation officially came into effect — a law that modernizes the payment system across the European Union.
Its main goal is to ensure that all individuals and businesses can send and receive money within seconds, anytime and securely — a point that has been reinforced through mandatory beneficiary name verification. How does it work? Let’s break it down.
Mandatory Instant Transfers for All Banks
Under this law, all financial institutions are required to offer instant transfers.
It will no longer be an optional or limited service: every user must be able to make immediate payments 24 hours a day, 365 days a year.
This change represents a decisive step toward a more integrated and efficient financial Europe, eliminating differences between countries and promoting competition and digitalization in the banking sector.
Beneficiary Verification: The Law’s Key Innovation
The most significant change introduced by the new regulation is the mandatory verification of the beneficiary.
Previously, banks processed transfers without checking whether the recipient’s name matched the IBAN holder.
From now on, all institutions must perform this check and display the result before confirming the operation.
The system can produce three types of matches:
✅ Full match: the beneficiary’s name fully matches the IBAN holder.
⚠️ Partial match: the names are similar but not identical; the user can choose to proceed at their own risk.
❌ No match: the names do not match, so the institution may block the transaction or warn of the risk.
This verification aims to strengthen payment security, reducing fraud such as identity theft or transfers to incorrect accounts.
How Wannme Strengthens Payment Security
At Wannme, we already implement verification systems that comply with the standards of this new regulation.
Our payment initiation and transfer services for advance payments and settlements already include authentication and validation processes that ensure maximum security.
Verification in Payment Initiation
Through our payment initiation solution, a merchant can generate a link for the customer to make a transfer directly from their bank.
In this process, the merchant is the beneficiary, and Wannme ensures security by:
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Bank account ownership certificate during client onboarding.
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Automatic API verification, which cross-checks the name and IBAN with banking sources.
This ensures that funds always reach the correct merchant, reinforcing trust between buyer and seller.
Secure Advance Payments and Settlements
In the marketplace advance payment environment, where we manage advances and settlements for sellers, we also apply ownership controls.
Each transfer is executed only after confirming that the IBAN holder matches the destination account, using ownership certificates and automated validations.
These mechanisms allow us to provide a service that is 100% compliant with the law and meets the highest security standards.
A Step Toward a Faster, More Reliable Payment System
The entry into force of the new Instant Payments Regulation on October 9, 2025, marks a turning point for the European financial system.
From now on, speed and security go hand in hand, giving users more control and reducing the risk of fraud.
At Wannme, we are committed to delivering solutions that combine speed, transparency, and intelligent verification, proactively adapting to new European regulations.
With this new framework, Europe takes a decisive step toward a more modern, agile, and secure banking system.
Mandatory instant transfers and beneficiary verification are transforming how businesses and individuals manage their payments.
Have questions or want to learn more about how we work? Contact us.
