PSR Specific Direction 17 exemption and extension
Confirmation of Payee regulation update: exemption and extension The UK Payment Systems Regulator has issued a Specific Direction (SD17) requiring Payment Service Providers and Building Societies to implement Confirmation of Payee (CoP) by 31 October 2024. The PSR has now created processes to apply for an exemption or extension, although the vast majority of firms […]
SurePay’s partners with OneID
SurePay partners with OneID, digital ID verification. London/Utrecht 28 February – SurePay’s & OneID® alliance aims to fortify businesses with an enhanced layer of protection, bolstering their ability to combat the increasing threat of online fraud. UK Finance reported over 116k incidents of Authorised Push Payment Fraud in the first half of 2023. This is a 22% […]
Confirmation of Payee solution for PSPs
Confirmation of Payee solution for PSPs With the Group 2 deadline to implement Confirmation of Payee (CoP) by October 31, 2024 quickly approaching, nearly 300 Payment Service Providers (PSPs) are actively planning to become compliant. This blog serves as a guide on how Group 2 can prepare on time, the latest updates from Pay.UK, and […]
The One-Stop, Simple Approach to Confirmation of Payee (CoP) Implementation
The One-Stop, Simple Approach to Confirmation of Payee (CoP) Implementation This article explains the basics of CoP and how SurePay, the UK leading vendor, can help you implement a CoP solution and ensure that you comply with the PSR mandate. The rise of APP fraud has led to the implementation of Confirmation of Payee (CoP) […]
SurePay presents Developer Portal with API documentation for implementation
SurePay presents Developer Portal with API documentation for implementation Our Confirmation of Payee makes it very easy to check payments. With the new Developer Portal, we make it easier for developers to integrate this solution. The Developer Portal is specifically designed to help developers integrate our Confirmation of Payee solution into their systems. The Portal […]
We have won the Banking Tech Awards with our Confirmation of Payee Portal for PSPs
We have won the Banking Tech Awards with our Confirmation of Payee Portal for PSPs We are very grateful for our victory at the Banking Tech Awards 2023 in the ‘Best PayTech Solution Provider for Banks’ category for our Confirmation of Payee (CoP) Portal designed for PSPs. This achievement is a significant accolade, recognising our role […]
SurePay Launches Developer Portal to empower UK PSPs to implement Confirmation of Payee
SurePay Launches Developer Portal to empower UK PSPs to implement Confirmation of Payee London/Utrecht 7 November 2023 – SurePay, the pioneer behind Confirmation of Payee, is excited to introduce the SurePay Developer Portal, an innovative platform designed to empower developers with the full potential of SurePay’s offerings. This announcement comes at a pivotal time as the […]
Rabobank and SurePay strengthen collaboration to improve fraud prevention
Rabobank and SurePay strengthen collaboration to improve fraud prevention London/Utrecht 19 October 2023 – Rabobank has announced the further intensification of its collaboration with SurePay to improve fraud prevention. On the one hand, the cooperation is aimed at increasing data coverage so that IBANs from more EU countries can be checked, and on the other […]
SurePay announces One European IBAN-Name Check
SurePay announces One European IBAN-Name Check UK Banks can benefit from this European IBAN-Name Check to protect their customers for SEPA payments and will need to become compliant with the upcoming European Instant Payment regulation London/Utrecht 6 June 2023 – SurePay, the largest vendor of Confirmation of Payee, serving 40 UK Banks and Building Societies, is […]
Using The Best Confirmation of Payee Algorithm Is The Only Way For PSPs To Avoid Immense Losses Due To APP Fraud Liability
Using The Best Confirmation of Payee Algorithm Is The Only Way For PSPs To Avoid Immense Losses Due To APP Fraud Liability With the new regulatory plans, the role and financial responsibility of Payment Service Providers (PSPs) will change. It will become increasingly important that PSPs use a Confirmation of Payee tool with the very […]