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PingPong implements Verification of Payee with Form3

Finextra

PingPong, the world-leading provider of embedded cross-border payment solutions for enterprises, today announces it will be using Form3's Verification of Payee (VoP) solution for SEPA account validation, giving PingPong a competitive edge by implementing compliance measures five months ahead of the October go-live date.

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Nium, Kinexys by JP Morgan Enhance Cross-Border Payment Accuracy in Asia

Fintech News

Morgan (formerly Onyx) to enhance cross-border payment accuracy in Malaysia, Thailand, and Hong Kong, This makes Nium the first fintech to provide data for validating bank account details in these markets. This is in line with Confirm’s goal to provide global account verification services through a single, secure network.”

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Paysera Selects iPiD as a Strategical Partner for VoP Compliance and for Global Account Verification

Fintech Finance

Paysera , a financial technology company with 20 years of market experience, has announced a strategic partnership with iPiD, a global provider of payee verification solutions. The goal of this requirement is to increase payment security and reduce the risk of fraud and errors throughout the SEPA area.

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One Month to Go: PayRetailers Launches Enhanced Solution to Help Betting Operators Comply With Brazil’s New Sports Betting Regulations

Fintech Finance

The enhanced solution provides real-time account validation, ensuring that each transaction meets regulatory requirements without manual intervention. It also supports multiple registered accounts for bettors, streamlining the payment process while maintaining compliance.

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iPiD’s Payment Verification Solution Now Offered on Microsoft Azure

Fintech News

iPiD, a provider of payment verification solutions, has announced that its Global Bank Account Validation Deployment Kit is now available in the Microsoft Azure Marketplace. Damien Dugauquier “We are committed to providing the most comprehensive and reliable payment verification solutions on the market.

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Transfeera, a Company From PayRetailers Group, Enhances Pix Solution to Help Betting Operators Comply With Brazil’s New Regulations

Fintech Finance

As a direct Pix participant and regulated Payment Institution, Transfeera automates compliance processes for betting operators, providing real-time CPF (Cadastro de Pessoas Fsicas) and bank account validation. It also enables centavo deposit verification, ensuring player accounts are active and valid for transactions.

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Important NACHA Changes: Account Validation

Payment Savvy

Starting March 19, 2021, the National Automated Clearing House Association (NACHA) will require businesses to perform online verification of bank accounts before they accept or process ACH payments. As such, they are pushing for more robust controls against fraud, and one of them is this new rule that requires account validation.