SurePay provides an IBAN-Name Check service that verifies the accuracy of bank account details in real-time, ensuring that the account holder's name matches the provided IBAN. This technology minimizes onboarding failures and prevents fraudulent transactions, enhancing the security of online payments for businesses and financial institutions.
Funding
$14.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Online payments and onboarding processes are vulnerable to fraud and errors due to inaccuracies in bank account details. Traditional methods lack real-time verification, leading to onboarding failures, incorrect payments, and potential financial losses. Verifying the accuracy of bank details is critical for maintaining data integrity and preventing fraudulent activities.
Solution
SurePay offers an IBAN-Name Check service that instantly validates the accuracy of bank account details by matching the account holder's name with the provided IBAN. This real-time verification minimizes onboarding failures, prevents fraudulent transactions, and enhances the security of online payments for businesses and financial institutions. By integrating SurePay's API, organizations can streamline their processes, reduce administrative overhead, and ensure compliance with AML and audit requirements. The platform provides a direct check via an online portal, integration with Exact Online, and a European solution to comply with instant payments legislation.
Target Audience
SurePay primarily serves banks, financial institutions, insurance companies, municipalities, accounting firms, and businesses that require secure and accurate online payment verification.
Features
- Real-time IBAN-Name verification via API integration
- Online portal for direct IBAN-Name checks
- Integration with Exact Online for streamlined payment verification
- European IBAN-Name Check solution compliant with instant payments legislation
- File Check feature for batch validation of multiple IBAN-Name combinations
- Business Check to validate VAT and Chamber of Commerce (KVK) numbers
- Overstap Check to notify users when an account holder has switched banks
- Account Age Check to verify the age of bank accounts
- Fraud Risk Indicator to provide extra data points for payment risk assessment