With SurePay, ISPnext enhances its Source-to-Pay platform with real-time IBAN Name Check. This automatically checks whether the account number matches the correct supplier or customer, and issues an immediate warning if the combination is incorrect. This offers extra security, helps identify ghost invoices at an early stage and limits financial risks.
Combining SurePay's real-time IBAN Name Check with automated invoice processing creates a powerful approach to preventing incorrect and fraudulent payments. Every transaction is checked to confirm the account number matches the correct supplier or customer, so discrepancies are flagged immediately.
Customers gain immediate insight when verifying supplier data, increasing the reliability of their payment process. This link also strengthens compliance, auditability and digital security within finance.
More about our partnership ›SurePay was founded in 2016 and provides the IBAN Name Check to virtually every major Dutch bank. More than 500 organisations, including insurance companies, pension funds and energy companies, also use the solution to reduce fraud and errors in business processes, such as when onboarding new customers and suppliers.
Visit the website ›Download the whitepaper and discover how you can save costs, prevent errors and optimise processes in five steps.
Download the whitepaper ›
Discover in a no-obligation demo how ISPnext and SurePay prevent incorrect and fraudulent payments within your organisation.