SurePay, a leading provider of innovative financial security solutions, announces the launch of bulk check functionality on its UK Confirmation of Payee (CoP) portal.
This new feature empowers corporations to effortlessly verify up to 10,000 records in Excel format, enhancing efficiency and security in financial transactions.
The bulk check functionality streamlines the validation process, allowing users to instantly assess UK accounts directly within the portal. Users can easily filter results based on "no matches", name suggestions and "Inactive accounts," ensuring precise verification and reducing potential risks.
SurePay's portal is offered to corporates via their bank. Additionally, the platform validates both personal and business accounts, ensuring comprehensive coverage for diverse financial needs.
Key features of SurePay's CoP portal include:
● First-in-the-world integrated portal for executing checks in the EU and the UK
● Clear display of account attributes for enhanced transparency and decision-making
● Immediately check whether customer, supplier or employee details are correct and reduce errors and fraud
● Furthermore, SurePay offers white label options for Payment Service Providers (PSPs), allowing them to tailor the solution to their brand identity while delivering robust security features to their customers
"We are excited to introduce bulk check functionality on our UK Confirmation of Payee portal," said Richard Koldewijn, Head of UK Operations at SurePay. "This enhancement underscores our commitment to providing innovative solutions that streamline financial processes and improve security for businesses and PSPs operating in the UK market."