October 14, 2025

Core Platform

Updates

There are no changes at this time.

Issuance and Cards

Updates

There are no changes at this time.

Payouts and Payins

New Failure Code

We’ve added a new failure code, RC07.

This code appears when the routing code—or the combination of the beneficiary account number and routing code—is invalid.

For more information, see Failure Codes.

Verification of Payee (EU)

Starting October 9, 2025, all EUR Local payouts from EU-based clients will be subject to Verification of Payee (VoP) checks in line with EU regulations.

These checks confirm that the beneficiary name matches the account details before the payout is processed. Transactions with name mismatches will be automatically rejected.

For more details, see Verification of Payee.

Expanded Nium Verify Coverage: Europe

We’ve expanded Nium Verify coverage across 19 European countries through the new EU Verification of Payee (VoP) framework. This enhancement provides deeper account-name matching and compliance-grade verification for all EUR Local payouts.

• 19 new markets added in Europe via VoP integration
• Direct connections to participating banks through the EPC network
• Real-time account name verification before initiating a payout
• Standardized responses (verified, not_verified, not_supported) across all EU markets

Newly supported markets

Austria, Belgium, Croatia, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Slovenia, Slovakia, Spain

Available now for all EUR Local corridors.