Cross Border Confirmation of Payee

CoP prevents misdirected payments and reduces push payment fraud by confirming that the payee’s name matches the name on the intended recipient’s bank account. This gives you and your customers confidence that any payments you make will reach the intended recipient.

Payments have increasingly shifted to digital channels around the world, resulting in an increase in fraud cases, with Authorised Push Payment fraud being a growing issue. This type of fraud involves deceiving individuals and organisations into transferring funds to the wrong accounts.

Fewer accidental or misdirected payments

Improved customer experience

Regulatory Compliance

Seamless and secure payment experience

Secure Cross-Border payments

In response to this global problem, we have launched the world’s first Cross-Border CoP solution by partnering with SEPAMail.eu and StreamMind. Our new cross-border CoP service allows businesses and banks to ensure that account information matches the intended beneficiary when sending payments between France and the Netherlands. This is achieved by using the Confirmation of Payee verification process, which involves directly accessing the bank’s account databases. It is an effective, efficient, and cost-effective method of significantly reducing instances of serious fraud that are very easy to fall victim to.This means we now check domestic, regional and global payments.

The features of the Confirmation of Payee Portal at a glance

We use cutting-edge technology and Confirmation of Payee to give Payment Service Providers the confidence they need to make domestic and international payments without fear of fraud.

Fraud & Repairs

Cross-Border solution

Clean Payment Order

What our clients say

"We selected SurePay to support our delivery of CoP, because of their experience in the Dutch market and excellent understanding of complex name matching issues.”

“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.”