Verification of Payee

for European Banks & PSPs

Comply with Instant Payments Legislation & PSD3

Offered both cross border and domestic

Connect the world with our Swift service 

Prevent APP fraud & lower operational costs

Comply with Instant Payments Legislation & PSD3
Offered both cross border and domestic
Prevent (inter) national payment fraud  
Fewer operational costs and reimbursement

Our solutions

Verification of Payee for European Banks
Enables the bank to send and respond to VoP requests and guarantees 100% reach in Europe

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European Batch Check
Checking payment orders delivered as a package is one of the new key requirements of the regulation.

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SWIFT Beneficiary Account Verification
Expand your reach on a global scale by leveraging the pre-validation service offered by Swift.

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Fraud Risk Indicator
The FRI helps to lower the number of false positives on the fraud analysts backlog, thanks to risk decreasers like the number of account holders.

Read more  → 
IBAN-Name Check Portal for Organisations
Check payments details of your customers (KYC) new employees (KYE) and suppliers (KYS) directly online via our IBAN-Name Check Portal.

Read more 
Confirmation of Payee (UK)
Our solution for Payment Service Providers in the UK enables PSPs to offer Pay.UK’s Confirmation of Payee.

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Comply with Instant Payments Regulation

Banks will be mandated to implement Verification of Payee. By implementing our European Verification of Payee Solution, your customers receive a notification when IBAN and name do not match. With our solution you:
Verification of payee with no match

Belgian Banks Choose SurePay as Verification of Payee preferred scheme vendor

Experienced in connecting various countries & rulebooks
Most advanced algorithm
Banking security standards
We tailor our solution to your bank’s needs
CEO SurePay - Verification of payee solution

We are on a mission to protect both our clients and their customers against the growing threat of payment fraud worldwide, both cross-border and multi-domestic.

– David-Jan Janse, CEO SurePay

What our customers say

Frequently asked questions

On the bank’s side, there are two important things to consider.

First of all, the API that allows for Account Name Verification has to be integrated into your online banking environment.

Secondly, data provisioning has to be taken care of. This concerns the provisioning of customer data by your bank to SurePay so that SurePay’s algorithm can match the payment data to your bank’s customer data. Further information on required implementation efforts can be found in the sample Implementation Plan

When making a transfer online, Verification of Payee, the IBAN-Name Check and the SurePay Confirmation of Payee verify entered account details of the beneficiary prior to the actual transfer. The verification is based on the unique combination of the account holder’s name information beloning to a specific account number. The payer’s bank sends the entered account name and number to SurePay, which in turn verifies the details against the available data in order to provides a response. Should entered details be incorrect (i.e. the beneficiary name does not match with the names known at the bank for this account number), then the payment initiator will get a notification. The payer might be at risk of payment fraud or possibly has made a mistake.

Verification of Payee is tailored for the EU market and the SurePay Confirmation of Payee adheres to UK market requirements, rules and regulations.

Should entered account details match the information known at the bank for the relevant account number, generally no notifications are prompted. When this is not the case, you can distinguish three main types of notifications:

Warning

When the entered name does not match with the account information known at the relevant bank by any means – for instance ‘D. Williams’ instead of ‘K. James’ – a warning notification is prompted. Please be aware that you might be subject to a scam, fraud or may have made a mistake. The notification will tell you that the account holder is registered under a different name at the relevant bank. Consider alternative measures or get in touch with the beneficiary before proceeding to transfer any funds.

Name Suggestion

In case of minor errors, such as a typo, you will be prompted with a suggested name as registered at the relevant bank. For instance, ‘Williams’ instead of ‘Wiliams’. Please check whether the suggested name belongs to the person/company you are intending to transfer funds to.

Service Not Available

SurePay verifies account numbers and their information across its base. In case SurePay is not able to verify account details against an account number, you will be notified as well. This can, for instance, occur for foreign bank accounts numbers for which SurePay may have insufficient information available.

No, you don’t. SurePay’s Verification of Payee service is not a separate app, nor programme. Your own bank can opt to integrate SurePay’s Account Name Verification service in its online environment, and make it available to you. The service generally works for online transfers and is commonly made available through a regular banking application.

Currently, SurePay’s services are available to customers of 100+ EU banks.

At the moment, SurePay’s  service is exclusively available to customers of 100+ Dutch, UK, French and Italian banks:

Businesses and organisations can also implement the Verification of Payee in their own business processes and systems, regardless of what bank they use.

Leading VoP Specialist
European solution Worldwide network
99,99% uptime
52ms response time
Outstanding trackrecord

Ready to get started?

Discover the benefits of our Verification of Payee solution
Download our Verification of Payee Brochure

Our clients