- SurePay announced another successful implementation of its UK Confirmation of Payee solution for the UK’s first app-based bank, Atom bank
- The Financial Technology company from the Netherlands is already responsible for checking over 95 per cent
- According to research from UK Finance in the first-half of 2020 losses to customers of internet banking
- SurePay developed a Confirmation of Payee solution to comply with all relevant UK rules and regulations
- The algorithm detects and interprets subtle differences between payee details entered by the payer
- SurePay realised a drop in fraud and scams of 81 per cent and 67 per cent drop in misdirected payments
