To strengthen Denmark’s position in the fight against payment fraud, Finance Denmark, the country’s association representing banks, mortgage institutions and financial firms, has selected SurePay to provide a national Verification of Payee service.
Through the service, SurePay ensures that each recipient’s name matches the provided IBAN in Denmark, helping to prevent fraud and payment errors. SurePay was an early mover in the Netherlands, introducing the IBAN-Name Check in 2017.
With the new Instant Payments Regulation taking effect in October 2025, Verification of Payee (VOP) is becoming mandatory across Europe. Although non-European countries like Denmark need to comply by 2027, the country decided to move ahead of schedule.
Finance Denmark says it selected SurePay based on its extensive European experience, high match accuracy and advanced fraud prevention capabilities. With its scalable platform already used by over 200 financial institutions, SurePay enables banks to verify account holders in real time, reducing impersonation fraud and misdirected payments.
Following this cooperation, Danish banks can benefit from additional services such as risk detection, international integration through Swift and verification solutions for businesses and government.
“We are proud to support Finance Denmark and its members in implementing a best-in-class VOP solution,” explained David-Jan Janse, CEO of SurePay. “This partnership empowers Danish banks to proactively fight fraud, comply with upcoming EU regulation, and connect to a broader network of over 200 financial institutions already using our solution across Europe.”
SurePay is currently rolling out VOP in Belgium. Denmark has now become the first Nordic country to implement VOP at scale, demonstrating how European countries are taking proactive, coordinated steps to secure instant payments and reduce fraud across borders.
“In choosing SurePay, we focused on their deep expertise and insight into applying VOP across various payment scenarios, from individuals to small and large businesses,” added Michael Busk-Jepsen, executive director at Finance Denmark. “Their experience and capabilities stood out clearly during the selection process.”
