SurePay will help banks in Germany help reduce fraud drastically
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.