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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 accountvalidation, giving PingPong a competitive edge by implementing compliance measures five months ahead of the October go-live date.
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 accountverification services through a single, secure network.”
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.
The enhanced solution provides real-time accountvalidation, 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.
iPiD, a provider of payment verification solutions, has announced that its Global Bank AccountValidation 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.
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 accountvalidation. It also enables centavo deposit verification, ensuring player accounts are active and valid for transactions.
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 accountvalidation.
“By automating the validation and verification processes, we eliminate the need for manual intervention, allowing betting operators to focus on innovation and growth. It also supports multiple registered accounts for bettors, streamlining the payment process while maintaining compliance.
To that end, in an interview with PYMNTS, Kimber Johnson , executive vice president of strategic alliances at GIACT , said accountvalidation is of increasing importance in an age where commerce is speeding up, and increasingly, moving online. The old saying goes: Faster payments, faster fraud.
The new Borderless Banking offering is the next big Prometeo solution set to help firms make easier payments following Bank AccountValidation offering announced in June 2024. The previous offering enabled LatAm businesses to connect with 100 per cent of US banks via one integration with a single provider and API.
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 accountvalidation, giving PingPong a competitive edge by implementing compliance measures five months ahead of the October go-live date.
As a direct participant of Pix, Brazils instant payment system, and as a regulated Payment Institution, Transfeera automates compliance processes for betting operators, providing real-time CPF (Cadastro de Pessoas Fsicas) and bank accountvalidation.
NACHA has announced that MicroBilt is a preferred partner for bank accountverification. The Association named MicroBilt for the accuracy and timeliness of its accountverification capabilities, it said. billion account records, we have one of the most robust accountvalidation offerings in the industry.”
VoPay , a leading provider of embedded financial technology solutions, has launched VoPay Verify, an Instant Bank AccountVerification solution via microtransactions – pioneering the first-of-its-kind service in Canada and the United States. This initiative gives our clients an out-of-the-box method for accountverification.
With impending regulatory changes from the UK Payment Systems Regulator (SD17) and EU legislation on Instant Payments, data and security (PSD3), it is imperative that financial institutions have Verification of Payee (EU) and Confirmation of Payee (UK) solutions in place. We have a proven solution.
Kimber Johnson , executive vice president of strategic alliances at GIACT , the Texas-based fraud detector, told PYMNTS that accountvalidation is increasingly important as eCommerce continues to move online. She noted that verifications can also utilize information tied to payment history.
In response to a rise in fraudulent activity targeting ACH and other electronic transactions, the WEB Debit AccountValidation Rule was put into effect by NACHA on March 19, 2021. The supplemental requirement applies to the first use of an account number or changes to the account number. Source: NACHA. Here’s why.
A growing number of companies, he said, have been pushing up their efforts to have accountvalidation products in place — where deployments scheduled for the third or fourth quarter of this year, or even into 2021, are taking on new urgency now.
With Orums Monitor, payment operation teams are able to leverage Orums money movement solution, Deliver, and bank accountverification solution, Verify. RTP, FedNow, Same Day ACH, ACH, wire, etc.)
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