Annually, the damage costs due to fraud run into billions of dollars.

Four years ago SurePay started to provide the solution to combat this fraud; the IBAN Name Check. This checks payments and lets you know if you are paying the right person. The IBAN-Name Check solution is easy, quick and favourable in terms of costs. In the Netherlands, this solution is used by almost all banks which means 99.4% of all payments are checked. Michael Hülsiggensen recently joined SurePay and is responsible for helping banks in Germany through the IBAN Name Check and reducing fraud.