Confirmation of Payee
Seamless and secure payment experience
Become instantly CoP compliant
Connects to European countries/schemes with a Verification of Payee solution
Prevent fraud and misdirected payments
Fully PayUK Compliant
98% Coverage UK
Extensive coverage worldwide
Banking security standards
SurePay's Solutions
Confirmation of Payee for PSPs
Confirmation of Payee for Building Societies and Credit Unions
Confirmation of Payee Portal
The CoP solution made accessible to corporations through their banks. Whitelabel options are available.
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Verification of Payee for European Banks
Our name-checking solution for banks and organisations that are located in Europe.
Visit European website
Visit European website
SWIFT Beneficiary Account Verification
Expand your reach on a global scale by leveraging the pre-validation service offered by Swift.
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Award-Winning Solution
Why NatWest chose our solution
Take a look at how SurePay smoothly integrated CoP into NatWest, paving the door for future digital disruption.
Award-Winning solution
Best in class CoP solution in the UK
CoP compliant
Quick implementation
We are on a mission to protect both our clients and their customers against the growing threat of payment fraud worldwide.
– David-Jan Janse, CEO SurePay
What our clients say
SurePay is well established in the UK and Netherlands -– where we have our Group headquarters -– and has the most advanced offer, a strong Confirmation of Payee solution on the market and an incredibly devoted team. We are confident that this partnership will help us towards achieving our goals and further improve our resilience to fraud.
We are committed to protecting our customers from fraud and Confirmation of Payee is a valuable tool in achieving that. SurePay have extensive experience in providing Confirmation of Payee solutions, both in the UK and other countries, which is why we chose to work with them to implement this important protection for our customers.
We do everything we can to keep our customers safe and secure and Confirmation of Payee plays an important role in this. We selected SurePay to support our delivery of Confirmation of Payee, because of their experience in the Dutch market and excellent understanding of complex name matching issues. They have worked closely with us to deliver good name-matching results and we look forward to building on our relationship as the CoP service develops.
Since the introduction of CoP we have seen a reduction of more than 80% in fraudulent orders compared to the previous year. And the number of invoices that are not paid or canceled in the first month has also decreased by more than 25%.
We’re impressed with the work SurePay has done and the ability to implement Confirmation of Payee so quickly.
Frequently asked
questions
CoP is a name matching solution designed to verify payment details. It increases operating efficiency, reduces fraud, and enables your building society to comply with the regulatory mandate.
All of SurePay’s Confirmation of Payee solutions are API-based and can be easily integrated with existing PSP infrastructure. The solution is a Software-as-a-Service solution and therefore does not require the deployment or installation of any physical devices in PSP datacentres.
Integrating the SurePay CoP solution is relatively simple due to its API-based nature. Depending on your wishes, you may prefer to include some of SurePay’s data management options specifically designed for Confirmation of Payee.
SurePay’s Confirmation of Payee solution provides a tried-and-tested functionality for PSPs in the UK seeking to implement and comply with Confirmation of Payee. The functionality fully complies with the relevant specifications and regulation as set out by the industry. In the design of our CoP solution, required matching rules and purpose of Confirmation of Payee has been taken into account.
Furthermore, the functionality supports ISO20022-based information exchange between PSPs & SurePay, as well as from the SurePay functionality onward to the Open Banking Environment.
Please request a sample implementation plan to learn more about the process and timelines for implementing SurePay Confirmation of Payee or the IBAN-Name Check.
SurePay is able to provide the CoP check across borders. This service is available in all countries where SurePay is currently active.
The latest developments
Why PSPs and banks should choose a CoP provider offering European Verification of Payee solution
Confirmation of Payee – which model is best for you?
SurePay joins FIS strengthening delivery of Verification and Confirmation of Payee across the EU and UK
SurePay joins Temenos Exchange to expand access to Verification of Payee and Confirmation of Payee
CoP Leader SurePay Takes Confirmation of Payee From Local To Global With Swift’s Payment Pre-Validation Service
SurePay Wins Elastic 2023 Excellence Award
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