SurePay
SurePay provides Verification of Payee services to banks, payment service providers, and corporates.
- Categories
- Fraud and payment fraud prevention
- Based in
- Utrecht, Netherlands
- Founded
- 2016
- Ownership
- Private
- Certifications
- ISO 27001 Compliant, SOC 2 Type 2 Report, Cyber Essentials Certified, FSQS Stage 3 assured, ISAE 3000 Audit Type II Report
About SurePay
SurePay provides Verification of Payee services to banks, payment service providers, and corporates. Its main product checks whether a payee's name matches their IBAN before a payment is sent. This helps prevent misdirected payments and fraud. The company also offers fraud and anti-money laundering intelligence, using verification data from many institutions to support detection. For corporates, it verifies customer and supplier accounts to speed up onboarding and reduce payment errors. SurePay was founded in 2016 as a startup from Rabobank. It connects to over 4,900 banks and has processed more than 11 billion checks. The service is used in over 30 countries. It provides domestic and cross-border coverage, including through a partnership with Swift. The API has 99.99% uptime and a 52ms response time. The company says its matching algorithm produces fewer false positives than other solutions.
Products
- Verification Of Payee APIAn API that checks whether a payee's name matches their IBAN before a payment is made.
- Confirmation of PayeeA UK-specific service that verifies payee details to reduce authorised push payment fraud.
- IBAN-Name Check PortalAn online portal for companies to check payment details of customers, suppliers, or employees.
- BIC Enrichment ServiceAn add-on that automatically adds missing BICs to VOP requests for correct routing.
- European Batch CheckA service that checks payment orders delivered as a package to meet Instant Payments regulation.
- Switch CheckA service that notifies payers when a payee has switched to another bank.