Fraud Risk Intelligence
Know more about the accounts your customers are paying
Give your existing fraud controls the receiving-account intelligence they are missing. Identify genuine risk, reduce false positives and make better payment decisions before the money moves.
Detect more genuine fraud
Identify receiving-account risks that your existing payer-side data may miss, helping you stop more suspicious payments before the money moves.
Reduce false positives
Use verified account facts and the receiving account’s history across the SurePay network to recognise legitimate accounts that may appear unfamiliar from your bank’s view.
Focus analyst time on genuine risk
Give fraud analysts more precise information so they can spend less time reviewing legitimate payments and more time investigating genuine threats.
Stop known fraud before it reaches you
Use confirmed fraud findings contributed by other SurePay’s network participants and trusted sources to identify risky receiving accounts before they affect your bank and customers.
How it works
Banks have detailed information about the customer making a payment, but often have limited visibility into the account receiving it. Fraud Risk Intelligence helps to close this gap through three connected stages: verify, detect and share.
Verify
Verification Of Payee, or Confirmation of Payee in the UK, checks whether the recipient name entered by the payer matches the holder of the receiving account.
Because the check takes place before the payment is processed, it creates the foundation for Fraud Risk Intelligence to identify receiving-account activity and risk before the money moves.
Detect
Fraud Risk Intelligence adds information about the receiving account to the verification check.
Account Context provides facts such as the account’s age, holder type and number of account holders. Account Activity analyses how the account has appeared in verification requests across the SurePay network.
These signals are combined into an explainable Risk Score that helps your bank assess whether the receiving account presents an increased or decreased risk of fraud.
Share
Share enables the banks participating into the SurePay’s network to contribute confirmed fraud findings and check receiving accounts against intelligence shared by other participants and trusted sources.
This helps fraud teams identify risks that may already be known elsewhere but are not visible within their own bank’s data.
How it works
Banks have detailed information about the customer making a payment, but often have limited visibility into the account receiving it. Fraud Risk Intelligence helps to close this gap through three connected stages: verify, detect and share.
Verify
Verification Of Payee, or Confirmation of Payee in the UK, checks whether the recipient name entered by the payer matches the holder of the receiving account.
Because the check takes place before the payment is processed, it creates the foundation for Fraud Risk Intelligence to identify receiving-account activity and risk before the money moves.
Detect
Fraud Risk Intelligence adds information about the receiving account to the verification check.
Account Context provides facts such as the account’s age, holder type and number of account holders. Account Activity analyses how the account has appeared in verification requests across the SurePay network.
These signals are combined into an explainable Risk Score that helps your bank assess whether the receiving account presents an increased or decreased risk of fraud.
Share
Share enables the banks participating into the SurePay’s network to contribute confirmed fraud findings and check receiving accounts against intelligence shared by other participants and trusted sources.
This helps fraud teams identify risks that may already be known elsewhere but are not visible within their own bank’s data.
Fraud Risk Intelligence modules
Account Verification
This module analyses the match between the payer-provided name and the receiving account, including:
- The verification outcome: match, close match, or no match
- What the payer does next, proceeding or stopping
- How that decision is factored into the overall picture
- Signal drawn from behaviour at the verification step, beyond what the payment alone would show
Account Context
This module provides additional facts about the receiving account:
- How long the account has been open
- Whether it belongs to a person or business
- Whether it is a joint account
- The number of account holders
- The account type and status, where available
Account Activity
This module analyses the receiving account’s verification history across the SurePay network, including:
- When the account was first and last seen
- Volume and frequency of verification checks
- Sudden spikes or activity after dormancy
- Unusual timing or concentrated requesters
- An explainable risk score, confidence level and reason codes
Risk Score
This module connects banks to fraud intelligence beyond their own data, including:
- Confirmed fraud findings from participating banks
- National fraud-account registries
- Other approved and trusted sources
- Risks identified by other institutions
- A broader network view without separate integrations
“The number of false positives has decreased significantly. As a result, our fraud analysts are working on real fraud cases much more often.”
Tertia Wiedenhof, Product Manager, External Fraud Detection at Rabobank
Other add-on features
SWIFT Pre-Validation
Expand your reach beyond local Verification Of Payee and Confirmation of Payee. SurePay connects banks to the SWIFT Pre-Validation Service, helping them verify beneficiary details before payments are sent.
Bulk Verification
Run Verification Of Payee checks across large payment files. SurePay offers a Bulk API and a white-label portal to support secure and scalable batch processing for banks and their business customers.
Switch Check
Notify customers when a payee has moved to another bank. Customers can use the new account number immediately and update the payment details stored in their banking app.
BIC Enrichment Service
Automatically add a missing Bank Identifier Code when it is required to route a Verification Of Payee request. This helps reduce manual work and prevents requests from failing because a BIC was not provided.
Other add-on features
SWIFT Pre-Validation
Expand your reach beyond local Verification Of Payee and Confirmation of Payee. SurePay connects banks to the SWIFT Pre-Validation Service, helping them verify beneficiary details before payments are sent.
Bulk Verification
Run Verification Of Payee checks across large payment files. SurePay offers a Bulk API and a white-label portal to support secure and scalable batch processing for banks and their business customers.
Switch Check
Notify customers when a payee has moved to another bank. Customers can use the new account number immediately and update the payment details stored in their banking app.
BIC Enrichment Service
Automatically add a missing Bank Identifier Code when it is required to route a Verification Of Payee request. This helps reduce manual work and prevents requests from failing because a BIC was not provided.
Start fighting fraud with a more complete view
Add receiving-account intelligence to your existing fraud controls and benefit from confirmed fraud findings shared across the SurePay network.
