End User and IBAN - Payments Space

Navigating AML obligations in the age of virtual IBANs

The Payments Association

FEBRUARY 10, 2025

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?

IBAN

IBAN AML Master Account Due Diligence

EBA CLEARING Launches SEPA-Wide VOP Solution

Fintech Finance

DECEMBER 12, 2024

Using the FPAD functionality for VOP also enables PSPs to address risk considerations and limit friction for end users, in addition to fulfilling compliance requirements. Participants starting to use VOP will already receive a VOP response for any IBAN in SEPA ahead of the IPR deadline.

Payee

Payee Verification IBAN End User

Optimus poised for growth in the payments sector

The Payments Association

FEBRUARY 27, 2025

Virtual account and IBAN issuance: Recognising the growing demand for digital payment solutions, Optimus provides businesses with the tools to create and manage virtual accounts for their customers. Optimus’s solution enables corporate and retail end-users to send payments utilising local banking rails.

IBAN

IBAN Payments End User On-Demand

Ecommpay Extends Partnership with Token.io to Optimize Real-Time Open Banking Payments in More Markets

Fintech Finance

OCTOBER 1, 2024

Its partnership with Token.io, which powers Ecommpay’s open banking payment solutions in the UK and Europe, has been extended to include local settlement IBANs for the Netherlands, Spain, France and Ireland. Open banking-enabled payments, or ‘Pay by Bank,’ deliver substantial benefits over traditional payment methods.

IBAN

IBAN Financial Inclusion Settlement Payments

Saxo Launches IBAN Service For Global Payments

PYMNTS

FEBRUARY 15, 2017

Saxo Payments is looking to ease friction in cross-border payments through the launch of an IBAN service, the company said this week. Doing so, Saxo explained in its announcement , means end users won’t have to have their own multiple bank accounts across jurisdictions. According to Tuesday (Feb.

IBAN

IBAN Global Payments Cross-Border Cross-Border Payments

Ecommpay and Token.io Join Forces to Improve Open Banking Connectivity Across Europe

The Fintech Times

OCTOBER 2, 2024

As a result of the partnership, firms in the sector will be able to utilise the Ecommpay open banking payment solution and local settlement IBANs in the four new European countries. This latest product enhancement eliminates the risk of IBAN discrimination and facilitates faster acceptance of funds through SEPA Instant.

IBAN

IBAN Financial Inclusion Settlement Accounts

The Payments Group Launches and Lists on Stock Exchange

Fintech Finance

OCTOBER 21, 2024

It provides truly embedded and seamless 360-degree payment service which ensure end users never have to leave their chosen site/service/app to make a payment – which is the biggest point of friction in the payment journey. These products can include white-labelled e wallets, payment processing, virtual IBANs and backend systems.

Embedded Payments

Embedded Payments Payments Consulting IBAN

Evolution or Revolution? Preparing For The PSD3

Open Banking Excellence

NOVEMBER 14, 2023

This would increase consumer awareness, bolster customer authentication standards, extend refund rights for fraud victims, and mandate the verification of payees’ IBAN numbers against their account names for all credit transfers. The post Evolution or Revolution? Preparing For The PSD3 appeared first on Open Banking Excellence.

Non-Bank

Non-Bank Rules Authentication Regulations

Getting The Plumbing Ready For Banking-As-A-Service

PYMNTS

APRIL 21, 2020

As Verdon told Webster, embracing platforms such as the one offered by Railsbank — which enables companies to issue unique international bank account numbers (IBANs), receive and send money and issue and manage cards — means that banking becomes a service rather than a series or suite of separate products.

Online and Mobile Banking

Online and Mobile Banking IBAN Non-Bank Credit Union

iDenfy Unveils Bank Verification Solution to Help Compliance Teams Fight Fraudsters More Effectively

The Fintech Times

OCTOBER 21, 2024

With connections to over 2,500 banks across 29 countries, iDenfy’s Bank Verification solution helps manage accounts across multiple banks, regardless of the client’s transaction volume, helping make better decisions while protecting financial data and, more importantly, not overburdening the end-user with extra verification steps.

Verification

Verification Compliance IBAN Fraud Detection

Signicat, SurePay Link Up To Combat B2B Payment Fraud

PYMNTS

DECEMBER 2, 2019

SurePay, owned by Rabobank, offers an Account Check solution that automates identity verification against an International Bank Account Number (IBAN) and SurePay’s proprietary database before transactions are initiated. SurePay makes it easier for companies to connect when multiple checks are involved.”.

Due Diligence

Due Diligence B2B Payee Payer

Clear Junction Named as One of Europe’s Fastest Growing Companies

Fintech Finance

MARCH 18, 2024

Along with snowballing revenues, Clear Junction proudly serves in over 100 countries and territories, processes over €50 billion volume of payments every year, is trusted by over 300 clients globally, supports more than 10 million end customers with its virtual IBANs, and employs more than 130 employees – a 20% growth from last year.

Cross-Border Payments

Cross-Border Payments Stablecoins Cross-Border IBAN

In Profile: James Butland at MangoPay

The Fintech Times

FEBRUARY 25, 2025

Its e-wallet solution is designed to streamline payment processes, serving over 250 million end users and handling more than 100billion in transactions since 2013. Plus, our virtual IBAN solution offers local account benefits, fast payments, and automatic tracking for seamless financial management.

IBAN

IBAN Embedded Finance On-Demand Multi-Currency

Payments Space

Navigating AML obligations in the age of virtual IBANs

EBA CLEARING Launches SEPA-Wide VOP Solution

Trending Sources

Optimus poised for growth in the payments sector

Ecommpay Extends Partnership with Token.io to Optimize Real-Time Open Banking Payments in More Markets

Saxo Launches IBAN Service For Global Payments

Ecommpay and Token.io Join Forces to Improve Open Banking Connectivity Across Europe

The Payments Group Launches and Lists on Stock Exchange

Evolution or Revolution? Preparing For The PSD3

Getting The Plumbing Ready For Banking-As-A-Service

iDenfy Unveils Bank Verification Solution to Help Compliance Teams Fight Fraudsters More Effectively

Signicat, SurePay Link Up To Combat B2B Payment Fraud

Clear Junction Named as One of Europe’s Fastest Growing Companies

In Profile: James Butland at MangoPay

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