We invite you to the annual SIBOS conference, this year held in Frankfurt, Germany, where from September 29 to October 2, 2025, you can meet our partners SmartStream and Eastnets at their exhibition stands.
Learn more about the conference and register here.
Source: www.sibos.com
Verification of Payee (VoP) is a process designed to ensure that payments are sent to the correct bank account. Before the payment is processed, the system verifies whether the name of the payee matches the name of the account holder associated with the provided IBAN number. This reduces the risk of errors and fraud related to incorrectly entered payee information.
VoP is a key component of the European Instant Payment Regulation (IPR) initiative and will be mandatory for all banks and payment institutions within the SEPA zone starting from October 2025. It prevents payments from being sent to incorrect accounts due to human error, reduces the risk of fraudulent payments where attackers attempt to use false bank details, and gives users greater confidence that their money will reach the intended recipient.
Eastnets, partner of Management Data Praha, offers a Verification of Payee (VoP) solution designed for regulatory compliance and real-time protection.
Key Features:
Real-time payee verification in under 5 seconds
Go-live in as little as 4 weeks
Advanced matching to reduce false positives
Fully managed cloud service with 24/7 support
Automatic compliance with scheme updates
Manual VoP checks for single and bulk submission
Learn more on the Eastnets website.
We would like to thank all participants and organizers of this year’s 22nd annual Treasury Forum conference event, which took place on June 4th 2025, at O2 universum in Prague, and to everyone who visited us at the Management Data Praha exhibition stand.
We also hope that the audience of Josef Brtník’s interesting lecture on Global Banking Connectivity and the Latest Developments in Payments took away many practical insights and ideas.
We look forward to meeting you again at the next Treasury Forum in June 2026.
Participants of the Treasury Forum 2025 conference are invited to the lecture named Global Banking Connectivity & Payments. Josef Brtník, CEO of Management Data Prague, will discuss the following topics:
We will also be happy to welcome you personally to the Management Data Prague exhibition stand, where you will have the opportunity to meet and discuss with our experts in the fields of TMS, Payment Factory, MultiCash multibanking, XML and payments.
We look forward to seeing you on June 4, 2025 at the upcoming Treasury Forum 2025 event.
Before the conference, you can visit our virtual stand with a number of interesting videos, or the MD Praha YouTube channel.
Management Data Praha has successfully completed the certification process and received the ISO/IEC 27001 certificate. ISO/IEC 27001 certification means that an organization has implemented a system for managing risks related to the security of data owned or handled by it, and that this system respects all the best practices and principles enshrined in this international standard.
With increasing cybercrime and constantly emerging new threats, it can seem difficult or even impossible to manage cyber risks.
The ISO/IEC 27001 standard is the most widely recognized standard for information security management systems (ISMS) globally and defines the requirements that an ISMS must meet. It provides guidance to companies of all sizes and sectors on how to create, implement, maintain and continually improve an information security management system. ISO/IEC 27001 helps organizations to be aware of risks and proactively identify and address vulnerabilities, while supporting a wide approach to information security: examining people, policies and technology. An information security management system implemented according to this standard is a tool for risk management, cyber resilience and operational excellence.
