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IBAN-Name Check

Criminals are becoming more creative in defrauding account numbers, leading to increased risks of money laundering and invoice fraud. To address this, companies are actively seeking ways to improve their Know Your Customer processes and verify payment details for billing vendors to prevent fraud. The problem of invoice fraud is growing, with fraudsters using sophisticated methods.

There are three ways to prevent invoice fraud and incorrect transfers:

  1. Know your Customer
  2. The seller transfers one cent to the buyer via IDEAL
  3. IBAN-Name Check

Read more about these in the SurePay blog

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