Preventing payment of phantom invoices through partnership with SurePay

Fraud prevention using IBAN Name Check

Every year millions of euros are being paid out incorrectly as a result of mistakes or deliberate fraud. By using the IBAN Name Check, you can be sure that the account is correct and in the name of the right supplier or customer. If it is not, a warning will be shown. Jamay Smits, Head of Business Development & Sales at SurePay explains: ''Customers of ISPnext can start using our IBAN Name Check. By using the Vendor Management solution, the name & IBAN can be checked immediately. This way, you can be sure that you are collecting from and paying the right supplier. In addition, data such as VAT and Chamber of Commerce number can be checked in combination with the IBAN, i.e. the master data of an invoice. Changes in data are immediately updated in your records.''

''By using the IBAN Name Check, you can be sure that the account is correct and in the name of the right supplier or customer.’'

Jamay Smits, Head of Business Development & Sales | SurePay

About SurePay

SurePay was founded in 2016 and provides the IBAN Name Check solution to practically 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 with the onboarding new customers and suppliers.