SurePay was initiated by the Dutch bank Rabobank in 2016 and spun off as an independent company in 2020. Its core mission is to make online payments safer and more personal by preventing fraud and misdirected payments. The company provides a real-time verification service that checks if the name of a payee matches the name associated with the provided bank account number (IBAN) before a payment is executed. This service, known as Confirmation of Payee in the UK and IBAN-Name Check in Europe, is used by major banks and corporations to protect their customers and reduce financial losses. While the request specified "Sure Pay LLC," the prominent international entity is the Dutch "SurePay B.V." and its UK subsidiary "SurePay UK Ltd."

Founded in

United States