Verification of Payee

After entering the recipient's name and account number in a SEPA payment or SEPA instant payment order, recipient verification will be automatically initiated (unless the client has canceled recipient verification for batch payments in the Profibanka application). The recipient verification service will return the result of a comparison of the data entered by the client with the recipient's data recorded at the recipient's bank.

It is only possible to verify the recipient for SEPA payments and SEPA instant payments within Slovakia or to other SEPA countries that are participating in the Verification of Payee scheme and are technically available at the time the service is provided.

The service is automatically activated and preset; deactivation is possible in the Profibanka application only in the case of batches.

In the Profibanka application, after entering a SEPA payment or SEPA instant payment, the name and account number of the recipient are compared with the data in the recipient's bank through the recipient verification service. Within 5 seconds, the client receives the verification result:

• "Match"
• "Close match"
• "No match"
• "Verification check not possible"

"Match" means that the account name entered by the client is completely identical to the name and account number registered with the recipient's bank. The payment is not sent automatically; it must always be authorized by the client. 

If the client is paying for goods or services to the intended recipient in accordance with the agreement, information about the match between the account number and name can increase their confidence that the payment will be directed to the intended recipient's account.

A "close match" means that the account name entered by the client is similar to the account name registered with the recipient's bank, but is not identical. We will provide the client with the correct account name and recommend that they accept the account name registered with the recipient's bank.It is always necessary to be cautious, as even a small difference in the account name can result in funds being sent to an unintended recipient.

"No match" means that the account name entered by the client is not registered by the recipient's bank for the specified account number. We recommend that the client contact their business partner and verify the accuracy of the data entered. After clarification, we recommend entering the correct data and using the recipient verification service again.If the client sends the payment despite the "mismatch" result, the bank may not be able to ensure the return of funds from the recipient's account. We recommend that you familiarize yourself with https://www.kb.cz/en/slovakia/on-line-services/ten-rules-for-internet-security

"Verification check not possible" may mean, for example, that the recipient's bank does not provide a recipient verification service. Verification can be repeated later. If verification is unsuccessful again, we recommend contacting your business partner to verify the correct payment instructions.

Unfortunately not, but recipient verification acts as an additional defense against fraud. The fact that the recipient's identity has been verified does not necessarily mean that the client is sending the funds to the intended recipient. It is always necessary to verify the correctness of the payment instructions with your business partner. We recommend reading https://www.kb.cz/en/slovakia/on-line-services/ten-rules-for-internet-security

No. If recipient verification is deactivated or the recipient's details do not match (result "No match" or "Close match"), only the client decides whether the payment will be sent. If the funds are received by the wrong recipient, the bank may not be able to ensure the return of the funds from the recipient's account.

Yes, but only for batches in the Profibanka application settings. Deactivating verification of payee is suitable for payments that the client sends within the company or to previously verified recipients.
Deactivating verification of payee is the client's responsibility, it is always necessary to take into account that the payment may be sent to an unintended recipient and the bank may not be able to ensure the return of funds from the recipient's account.