White paper
How SurePay Works
- May 2025
- Estimated reading time: 15 min.
Instant payments are fast and convenient, but also irreversible. That makes accuracy more critical than ever. A small mistake, a wrong name or incorrect IBAN, can lead to failed transactions, fraud, or frustrated customers.
Today, SurePay is the leading VOP provider in Europe, helping banks protect their customers and meet regulatory demands — with an algorithm that’s both robust and flexible.
This whitepaper explains how SurePay works, and why getting VOP right is crucial for safe and seamless instant payments.
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What you'll learn
How our matching engine works
Why you should trust SurePay as your VOP partner
Overview
The SurePay whitepaper outlines how its Verification of Payee (VOP) solution enhances the security and reliability of instant payments in Europe. The document explains SurePay’s adaptive matching engine, which handles input variations and errors through smart partial matching and privacy-focused design. It also addresses challenges in business account verification, supporting various naming conventions, and offers scalable solutions for bulk verification. SurePay’s system, trusted by over 200 European banks, is built to meet both operational and regulatory demands, particularly under the EU’s Instant Payments Regulation.
