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 […]
Verification of Payee: Strengthening Consumer Trust in Digital Payments
Verification of Payee: Strengthening Consumer Trust in Digital Payments Instant payments are becoming the new normal within the EU following the EU Parment’s decision to require Payment Service Providers (PSPs) to offer their customers SEPA (Single Euro Payments Area) instant credit transfers. Although they offer many benefits for businesses and consumers alike, instant payments also […]
How VOP and consumer awareness can help prevent APP fraud
How VOP and consumer awareness can help prevent APP fraud The role of consumer awareness in fraud prevention In April, the European Banking Authority (EBA) released an opinion highlighting the positive impact of PSD2 security measures, including strong customer authentication, across the European Union. The EBA noted that these requirements have been effective in preventing […]
Consider a Proof of Concept (PoC) for SurePay’s Verification of Payee Solution.
Consider a Proof of Concept (PoC) for SurePay’s Verification of Payee Solution? Financial institutions are under increasing pressure to act swiftly due to the Instant Payments legislation. Payment Service Providers (PSPs) must balance the need to act quickly with the need to make the right decision, making the evaluation of Verification of Payee solutions more […]
Verification Of Payee (VOP) Rulebook by the EPC: What it says and how SurePay complies
Verification Of Payee (VOP) Rulebook by the EPC: What it says and how SurePay complies The final version of the VOP Rulebook by the European Payments Council (ECP) was published 10 October. It sets essential standards for Verification Of Payee (VOP) processes. As the largest VOP vendor, SurePay has been at the forefront of these […]
Why Instant Payments? The Connection Between Instant Payments and Verification of Payee (VoP)
Why Instant Payments? The Connection Between Instant Payments and Verification of Payee (VoP) In today’s fast-paced financial environment, Instant Payments have become a key feature of modern banking. The increasing demand for swift, efficient, and secure transactions has led to the widespread adoption of Instant Payments systems across Europe and beyond. But what exactly are […]