Switch Check

Verification of Payee Add-on

The Switch Check is an addition to the Verification of Payee API. With this check, bank’s customers are notified when an account holder has switched banks. They can immediately store the new payment details into their banking app.

Offer an extra service to your customers
Directly applicable in the online banking environment
New account number (IBAN) can be directly stored
Bank-grade security standards

This is the Switch Check

Notification upon initiation of payment
If a bank uses the SurePay Switch Check, the payer will be notified when the payee has switched to another bank. This way he can immediately pay to the new IBAN and update his address book. This speeds up the adoption of new account numbers.
Switch Check in the API for banks and organisations
The Switch Check is an addition to the Verification of Payee API. In case of a “match / close match” result to a switched beneficiary, the API issues a notification with the new IBAN. With a “no match”, this is obviously not given to discourage phishing of account numbers. In consultation we can make the Switch Check available to users of the VoP API.

Other add-on features

for Banks & PSPs

SWIFT Beneficiary Account Verification

Expand your reach on a global scale by leveraging the pre-validation service offered by Swift. SurePay is an official Enabler partner of Swift and can take banks from local Confirmation of Payee to to EU and beyond to Global.
Trust in a secure and accredited platform for a frictionless and fraud-resistant financial experience.

Read More  → 

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European Batch Check

Are you ready to meet the requirements of the Instant Payments regulation? Checking payment orders delivered as a package is one of the new key requirements of the regulation. SurePay has multiple solutions available to suit your needs and meet the requirements to comply with the regulation.

Read More  → 

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Fraud Risk Indicator

The Fraud Risk Indicator provides additional data points; risk indicators that will help the bank to determine whether there’s an increased risk or a decreased risk of fraud.

Read More  → 

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With SurePay PayID customers can now easily and securely pay in your Banking App to friends and acquaintances on their contact list. In the future we will add more identification options to this service. SurePay PayID uses the smart Verification of Payee algorithm for this.

Read More  → 

Are you ready to start using the Switch Check?

Integrate the Switch Check in your IBAN-Name Check API
Have you already integrated the IBAN Name Check API into your systems or are you interested in implementing it with the Switch Check as an additional feature? Then schedule an appointment to discuss the options for your bank.