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. […]

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 […]

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 […]

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 […]

Instant Payments Regulation update/Q&A

Instant Payments Regulation update/Q&A: What you need to know The European Commission has released a Q&A on its interpretation of the Instant Payments Regulation, designed to accelerate adoption and improve security with Verification Of Payee (VOP). The requirements are now in effect for euro countries as of October 2025 and will also apply to non-euro […]

Verification Of Payee and Liability: Ensuring secure Instant Payments

Verification Of Payee and Liability: Ensuring secure Instant Payments The European Council has recently adopted regulations to make Instant Payments available for euro transactions across the EU and EEA countries. This regulation allows consumers and businesses to transfer money within ten seconds, any time of the day, even outside business hours, and across borders within […]