European introduction Confirmation of Payee

Interesting article in the leading financial newspaper Het Financieele Dagblad about the expected European introduction of the IBAN-Name Check. As the inventor and market leader in the Netherlands and UK, and with a connection to France, SurePay is the driving force in the evolution of the IBAN-Name Check.

“The SurePay system was introduced on a voluntary basis by the majority of banks from 2017 and this company now claims to control 99.6% of payments within the Netherlands.”

“The United Kingdom, which is no longer an EU member, has been followed. In Belgium, the first steps have also been taken to introduce a name check for bank transfers.”