Denmark becomes the first non-Euro country to implement a nationwide VOP solution
Denmark becomes the first non-Euro country to implement a nationwide VOP solution Finance Denmark selects SurePay for nation-wide Verification Of Payee services in Denmark Utrecht/Copenhagen, 24 April 2025 – Finance Denmark, the association representing banks, mortgage institutions and financial firms in Denmark, has selected SurePay to provide a national Verification Of Payee (VOP) service. With […]
What is SurePay and How Does It Work?
What is SurePay and How Does It Work? In an era where digital transactions are the norm, ensuring payments reach the intended recipient is more critical than ever. SurePay is at the forefront of payment verification with its advanced Verification Of Payee (VOP) solution. Banks, businesses, and payment service providers across Europe rely on SurePay […]
How to cleverly combine EU fraud and money laundering laws for information sharing
How to cleverly combine EU fraud and money laundering laws for information sharing The EU is introducing two new regulations containing information sharing: the Payment Services Regulation (PSR) as part of PSD3 for fraud, and the Anti-Money Laundering Regulation (AMLR) for money laundering and terrorist financing. The PSD3 is currently being drafted, while the AMLR […]
The hidden risks in batch payments: Why EU banks need Verification Of Payee
The hidden risks in batch payments: Why EU banks need Verification Of Payee Imagine a multinational corporation processing payroll for thousands of employees. A single spreadsheet contains all the payment details, and the bank processes the batch in one go. But buried in that list, one IBAN is incorrect. The salary never reaches the employee. […]
How Bank Account Verification is the key to compliant & safe Instant Payments
How Bank Account Verification is the key to compliant & safe Instant Payments Real-time payments are transforming the banking industry, but they come with unique challenges: how can banks ensure that money reaches the right recipient instantly, securely, and without error? For financial institutions navigating the EU’s Instant Payments Regulation, the stakes are high. Fraud […]
SurePay and NatWest Group extend agreement for Confirmation of Payee
SurePay and NatWest Group extend agreement for Confirmation of Payee This renewal reflects the mutual trust, confidence, and value created through years of close collaboration. London/Utrecht, 14 January 2025 – SurePay is proud to announce the renewal of its agreement with NatWest Group, the first UK bank to implement SurePay’s Confirmation of Payee (CoP) solution […]
Understanding IBAN-Name Check: What It Is and Why It Matters
Understanding IBAN-Name Check: What It Is and Why It Matters With payment fraud on the rise and financial errors costing millions annually, ensuring secure and accurate transactions has never been more important. While the names may vary—IBAN-Name Check, Verification Of Payee (VOP), or Confirmation Of Payee (COP)—they all serve the same critical purpose: verifying account […]
Understanding the EU Instant Payments Regulation (IPR): What banks need to know
Understanding the EU Instant Payments Regulation (IPR): What banks need to know The EU Instant Payments Regulation (IPR) is set to transform the European payments landscape by making instant payments a mandatory standard for all financial institutions by 2025. This regulation mandates that payment services must be available 24/7, processed in real time, and as […]
Verification of Payee in the EU: What it is, how it works, and how to prepare
Verification Of Payee in the EU: What it is, how it works, and how to prepare With the 2025 deadline for Verification Of Payee (VOP) compliance fast approaching, European banks must act now to ensure they’re prepared for this crucial regulatory shift. VOP is not just a nice-to-have security feature—it’s becoming a mandatory requirement for […]
SurePay wins Banking Tech Award for Best Digital Solution PayTech
SurePay wins Banking Tech Award for Best Digital Solution PayTech A wonderful recognition for our VOP combined with value added services such as our Swift connection. SurePay is proud to announce its recognition as the Best Digital Solution Provider PayTech at the prestigious Banking Tech Awards. This is a huge recognition of our commitment […]