Remove Cross-Border Payments Remove IBAN Remove On-Demand
article thumbnail

Navigating AML obligations in the age of virtual IBANs

The Payments Association

Navigating AML obligations in the age of virtual IBANs February 10 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The compliance challenges of virtual IBANs, focusing on AML obligations and regulatory gaps. Why is it important? What’s next? Previous slide Next slide What are vIBANs?

article thumbnail

LSEG Risk Intelligence Deploys Account Verification to Tackle Payment Fraud

Fintech News

LSEG Risk Intelligence has launched its Global Account Verification (GAV) service in Asia-Pacific and Europe, the Middle East, and Africa, expanding efforts to enhance security in cross-border payments. By October 2025, Eurozone providers must conduct mandatory account name-IBAN checks for transactions.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Ripple Payments Combines With OpenPayd Fiat Infrastructure to Simplify Global Money Movement

The Fintech Times

Through the new partnership, OpenPayd will support Ripple’s cross-border payments solution, Ripple Payments, with its global fiat infrastructure, including real-time payment rails, multi-currency accounts and virtual IBANs.

article thumbnail

The digital wallet revolution: navigating Europe’s payment future

The Payments Association

On the merchant side, we need to offer the best payment options for consumers, while supporting wallets as they go to market.” Integrating payments and identity: opportunities and challenges A key development in the digital wallet space is the convergence of payments and identity verification.

article thumbnail

Evolving money laundering risks for EMIs: Insights from the upcoming NRA

The Payments Association

Mark Goldspink Ambassador, TPA “Offering instant and cross-border payments, an intermediated supply chain and a remote, and often rapid, onboarding process, there are several reasons the payments and e-money sector might be attractive to criminals… and this was reflected by over 22% of SARs originating from the sector last year.

article thumbnail

B2C embedded payments are a crowd favorite, but what does the B2B landscape look like in 2025?

Tearsheet

Embedded payments are becoming a staple in the B2C world, and more businesses are also jumping on board, aiming to streamline and automate processes from payroll (automated invoicing) to procurement (trade credit). However, B2B transactions in embedded payments are more challenging and don’t flow as easily as B2C ones.

article thumbnail

Virtual IBANs Remove Friction From Cross-Border, B2B Payments

PYMNTS

As eCommerce and B2B payments expand across borders, time zones and currencies, virtual international bank account numbers (IBANS) can pave the way for firms to capture online sales efficiently — and bypass the frictions of traditional banking relationships. . That can be done, she maintained, with the virtual IBAN. .