Annual Overview 2022
SurePay is off to a flying start this year, and we are continuing to work hard on all our new projects and innovations. But we also want to take a moment to reflect on everything we’ve achieved in the past year. 3,430,735 warnings for closed accounts, 39,193,663 fraud warnings, new customers, partnership with CBI, frequently mentioned in the media and more: We have put it all together in an annual overview!
SurePay protects against worldwide fraud
David Jan Janse, CEO and CO-Founder of SurePay: “We are on a mission to protect both our clients and their customers against the growing threat of fraud worldwide, giving them the reassurance that their payments are going to the intended recipient also cross-border and multi-domestic.”
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The IBAN-Name Check
SurePay delivers an Account Check to financial institutions, who can implement the service in their online environment. The service provides at a pre-payment stage the bank’s customers with instant feedback on the correctness of entered beneficiary details when making a transfer online. That way, end-users are prompted with a notification in case entered beneficiary details deviate from those known at the bank of registry. This helps to prevent fraud and mistakes.
- Makes payments more personal and safe
- Helps to prevents mistakes
- Helps to prevent fraud
More info about Organisations or Banks
IBAN-Name Check for Organisations
- Check your file or integrate the IBAN-Name Check in your business processes
- Prevent fraud and errors and realize more efficient processes
IBAN-Name Check for Banks
- Know who you are paying
- The customer will be notified if the data deviates
- Helps prevent fraud and mistakes when making transfers
- Supplement to IBAN-Name Check API
- Signals switched account holder with payments
- Returns new IBAN for up-to-date system or address book
- Customers pay in your Banking App easily and securely to friends and acquaintances on their contact list
- SurePay PayID uses the smart IBAN-Name Check algorithm for this
The IBAN-Name Check via our partners
Choose a direct implementation via our API or use the service via a partner with possible additional service and benefits in your industry.
SurePay serves over 250+ companies and 40+ banks in the Netherlands and across Europe
Peter Eikelboom Innovationmanager de Volksbank
"Another great feature added to mobile banking. It was at the top of our customers wish list!"
Bart Leurs Digital Transformation Officer Rabobank
“The IBAN-Name Check was developed by Rabobank and our country is at the forefront of Europe with this initiative.”
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Frequently Asked Questions
IBAN-Name Check for Banks
What is required for implementation?
On the bank’s side, there are two important things to consider.
First of all, the API that allows for Account Name Verification has to be integrated into your online banking environment.
Secondly, data provisioning has to be taken care of. This concerns the provisioning of customer data by your bank to SurePay so that SurePay’s algorithm can match the payment data to your bank’s customer data. Further information on required implementation efforts can be found in the sample Implementation Plan
What is the IBAN-Name Check or Confirmation of Payee exactly?
When making a transfer online, the IBAN-Name Check and the SurePay Confirmation of Payee verify entered account details of the beneficiary prior to the actual transfer. The verification is based on the unique combination of the account holder’s name information beloning to a specific account number. The payer’s bank sends the entered account name and number to SurePay, which in turn verifies the details against the available data in order to provides a response. Should entered details be incorrect (i.e. the beneficiary name does not match with the names known at the bank for this account number), then the payment initiator will get a notification. The payer might be at risk of payment fraud or possibly has made a mistake.
The IBAN-Name Check is tailored for the Dutch market and the SurePay Confirmation of Payee adheres to UK market requirements, rules and regulations.
Which notifications can I get?
Should entered account details match the information known at the bank for the relevant account number, generally no notifications are prompted. When this is not the case, you can distinguish three main types of notifications:
When the entered name does not match with the account information known at the relevant bank by any means – for instance ‘D. Williams’ instead of ‘K. James’ – a warning notification is prompted. Please be aware that you might be subject to a scam, fraud or may have made a mistake. The notification will tell you that the account holder is registered under a different name at the relevant bank. Consider alternative measures or get in touch with the beneficiary before proceeding to transfer any funds.
In case of minor errors, such as a typo, you will be prompted with a suggested name as registered at the relevant bank. For instance, ‘Williams’ instead of ‘Wiliams’. Please check whether the suggested name belongs to the person/company you are intending to transfer funds to.
Service Not Available
SurePay verifies account numbers and their information across its base. In case SurePay is not able to verify account details against an account number, you will be notified as well. This can, for instance, occur for foreign bank accounts numbers for which SurePay may have insufficient information available.
IBAN-Name Check for Organisations
Which account numbers can be checked?
The IBAN-Name Check can handle all Dutch bank accounts (IBAN). SurePay can check all IBAN-Name-combinations in your customer- and supplier databases as long as the IBANs are Dutch and start with NL. Your database can contain checking- and savings accounts. Personal and business accounts. Issued by Rabobank or any other Dutch bank. At present, the coverage of foreign account numbers is insufficient to support checks of foreign IBANs.
SurePay Confirmation of Payee checks all UK bank accounts.
How does SurePay protect my data?
The IBAN-Name File Check requires you to submit your data files to SurePay in order for us to run the check and provide you with the results.
We have chosen to use mSafe for the exchange and storage of your sensitive data files. A secure and personal work space is created that can only be accessed by one person of SurePay and one person within your organization. Files are encrypted during transport and storage. User acces is secured with two factor authentication. For further security measurements and file specifications, please click here.
How long will it take to process my files?
This depends on the agreement we have reached and is based on frequency and volume. SurePay guarantees to process your files in five working days. In case of emergency or good preparations however it is possible to process your file in a few hours so that you’ll have the results the same day.
The IBAN-Name Check Portal
I just created an account but I did not receive a confirmation e-mail?
Don’t worry, your account will be created shortly. You will receive a confirmation mail with your personal login details within 2 working days.
After creating an account, can I also start using the SurePay API?
Because of a different pricing structure you will have to sign another contract if you would like to use the API. Additional information and access to our API can be requested by sending an e-mail to [email protected]
How and when is my company invoiced?
Your company is invoiced at the end of a month. You will receive an e-mail with the invoice on the email address of the first user. Your billing address can be changed in the portal under the “account settings“ button.