About SurePay
SurePay provides account verification and fraud prevention services for banks, payment service providers, and corporates. Its Verification of Payee (VOP) and Confirmation of Payee (CoP) solutions confirm recipient details to prevent payment fraud.
SurePay is a specialized payment security provider that focuses on account verification and fraud mitigation. Originally founded as a startup from Rabobank, the company has grown into a major provider of Verification of Payee (VOP) and Confirmation of Payee (CoP) services across Europe and the UK. The platform is designed to integrate directly into banking and corporate payment flows, offering real-time checks that confirm the name and account number of a beneficiary before a transaction is finalized. This significantly reduces the risk of Authorized Push Payment (APP) fraud and accidental misdirected payments. SurePay's infrastructure is highly scalable, processing billions of checks annually for thousands of organizations, including major financial institutions like NatWest and Triodos Bank. The service is notable for its high uptime and rapid response times, making it suitable for high-volume, mission-critical payment environments. While the company provides robust APIs for automated integration, it also offers portal-based solutions for manual verification, catering to a wide range of business needs.
Pros & Cons
- +Reduces payment fraud and errors by verifying account details in real-time.
- +Highly scalable infrastructure capable of processing billions of verification checks.
- +Supports both domestic and cross-border payment verification across multiple schemes.
- +Provides a comprehensive suite of fraud prevention tools beyond basic account matching.
- −Pricing is not publicly available and requires contact with an account manager.
- −Implementation requires technical integration with banking or corporate payment systems.
- −Service availability is dependent on the connection status of the beneficiary's bank.
Features
Key features
- Verification Of Payee
- Confirms account holder details before payments are executed to prevent misdirected funds.
- Fraud Risk Indicator
- Provides real-time risk signals to help financial institutions detect potential fraud.
- Swift Pre-validation
- Enables global account verification by leveraging Swift's pre-validation service.
- Bulk Verification
- Supports high-volume batch account checks for large organizations and payment files.
- Switch Check
- Notifies payers when a payee has switched to a new bank account to ensure payments reach the correct destination.
Additional features
- BIC Enrichment Service
- Resolves IBANs to BICs to facilitate accurate cross-border payment routing.
- VOP Direct
- Offers an online portal for EU-based organizations to manually verify payee details.
- CoP Direct
- Provides a dedicated portal for UK-based organizations to perform payee verification.
- API Integration
- Delivers real-time verification responses with low latency for seamless banking workflows.
- Regulatory Compliance
- Supports adherence to EU Instant Payments legislation and PSD3 requirements.
Pricing
Countries & Languages
Interface languages
Billing currencies
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About SurePay
SurePay provides account verification and fraud prevention services for banks, payment service providers, and corporates. Its Verification of Payee (VOP) and Confirmation of Payee (CoP) solutions confirm recipient details to prevent payment fraud.
SurePay Details
SurePay's In-App Market Place
Does SurePay have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
6
Mini Apps
1. SurePay Payment Gateway: A secure and reliable payment gateway that allows users to easily accept online payments through SurePay.
2. SurePay Fraud Protection: This add-on helps protect merchants from fraudulent transactions by utilizing advanced fraud detection techniques.
3. SurePay Recurring Payments: This feature enables businesses to set up and manage recurring payments for subscriptions or memberships.
4. SurePay Reporting Tools: This plugin provides detailed insights and reports on payment transactions
allowing users to track and analyze their payment data.
5. SurePay Customization Tools: This add-on allows users to customize the checkout process and payment pages to align with their branding and design preferences.
Pricing Options
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), CAD (C$), AUD (A$), JPY (¥), CHF (Fr), CNY (¥), INR (₹), RUB (₽)
Pros & Cons
- Reduces payment fraud and errors by verifying account details in real-time.
- Highly scalable infrastructure capable of processing billions of verification checks.
- Supports both domestic and cross-border payment verification across multiple schemes.
- Provides a comprehensive suite of fraud prevention tools beyond basic account matching.
- Pricing is not publicly available and requires contact with an account manager.
- Implementation requires technical integration with banking or corporate payment systems.
- Service availability is dependent on the connection status of the beneficiary's bank.
SurePay's Support Options
Email Address
support@surepaysystems.comContact
1-800-555-1234Documentation
https://docs.surepaysystems.comCommunity Forums
https://community.surepaysystems.comSurePay's Alternatives
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