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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. This helps businesses confirm supplier and customer payments and detect potential fraud risks.
Emirates NBD , a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has announced its partnership with iPiD , a global Know Your Payee (KYP) validation provider. The collaboration will enable Emirates NBD to provide real-time beneficiary validation for cross-border payments.
By integrating iPiD Validate, Alfardan Exchange is pioneering a new era of secure, transparent, and fraud-resistant cross-border transfers—setting a new standard for Qatar’s exchange industry. We’re proud to support their journey with the most comprehensive verification network globally.”
Numeral , a Mambu company, a leading payment technology provider for financial institutions, today announces the launch of its fully managed Verification of Payee (VOP) solution, empowering financial institutions to comply with the European Unions VOP regulation by the October 9, 2025 deadline.
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.
Swift today announced it has been selected to build a service that will reduce the risk of misdirected payments and increase defences against payment fraud, providing Australians with more confidence when sending money. This is done by comparing the payee’s name entered by the payer with the name associated with the payee’s account.
The paper check has a nasty reputation in B2B payments as a cumbersome, manual and risky payment rail. Yet data from the 2016 Association of Financial Professionals’ Electronic Payments Survey released last September actually found a 1 percent increase in corporates’ use of paper checks compared to two years ago. API Steps In.
Moneyhub , the UK-based data and payments platform, has launched its new account verification service, powered by open banking, to enable better payment security utilising bank-level security controls (including PSD2 SCA) and biometrics. This uptick in convenience goes a long way to increasing trust with customers and partners.”
Cashfree Payments , India’s leading payments and API banking company announced that its UPI(Acquiring) Switch has received certification from the NPCI and has started processing transactions.
Cardiff-based sustainable finance app Zero has officially launched Google Pay integration, following a highly successful crowdfunding campaign that raised over 1.48millionincluding more than 1million via Crowdcube. Appointments GoCardless , the bank payment company, has announced the appointment of Shaun Puckrin as chief product officer.
iPiD , a leading payment validation solutions provider, today announced the publication of a pivotal whitepaper, “Verification of Payee: The Race to Compliance,” authored by CEO Damien Dugauquier. The paper is now available on the iPiD website at www.ipid.tech/verification-of-payee-the-race-to-compliance.
Moneyhub , the market-leading data and payments platform, has today announced the introduction of its account verification service. Powered by Open Banking, Moneyhub Account Verification enables better payment security utilising bank level security controls (including PSD2 SCA) and biometrics.
In a recent webinar hosted by the Fintech News Network, experts from the Bank for International Settlements (BIS), Wise, Airwallex, and LexisNexis Risk Solutions explored the latest trends and developments in cross-border payments, emphasizing the pioneering role of Southeast Asia in this rapidly evolving landscape.
From AI-driven compliance to the realities of scaling in the cloud, Temenos shares insights into whats influencing payments strategy in 2025, and where banks are still hitting resistance. Innovation in payments Innovation, Fennell says, is often about accelerating growth. All of that is part of innovating in the payment space.
To reshape how schools handle global business payments, payment processing provider PayMyTuition has rolled out an international vendor management module. Our innovative vendor management module will enable institutions access to a suite of international payment solutions that are directly integrated into their ERP and AP systems.”.
LSEG Risk Intelligence is launching Global Account Verification, which checks payee and account details match before transfers are confirmed, as well as Document and Biometric Verification, which uses AI and deep learning to accurately conduct identity checks.
Finastra , a global provider of financial software applications and marketplaces, today announced it has been selected by LGT to roll out instant payment services in Austria and Liechtenstein, with other markets to follow. Finastra’s payment hub provides banks with a future-proof, scalable and resilient payment processing system.
New technology and innovations are pushing the payments industry forward, making transactions speedier and safer than they were before. Inside the new Smarter Payments Tracker , PYMNTS explores the latest interoperability developments that are helping banks and FinTechs open up new lines of communication and speak a common language.
Payoneer CEO Scott Galit used that word to respond to Karen Webster’s question about how marketplace suppliers were paid before digital payments and players like Payoneer who enable those payments existed. That also began a freewheeling conversation about the role of payments in transforming marketplaces — and vice versa.
During the 2020s, almost all businesses will have been looking at b2b payments processing solutions to meet changing consumer needs. Online and contactless adoption multiplied, and digital payments rose. consumers using two or more types of digital payment methods increased by 8%. Learn More What are B2B Payments?
Aadhaar-enabled Payment Service (AePS) AePS, in India, enables individuals to conduct basic banking transactions like d eposits, withdrawals, balance inquiries, bill payments, etc. It leverages Aadhaar, a unique identification number, as the sole credential for user authentication and verification.
In a world where time is money, businesses and customers alike seek hassle-free payment methods that save time and increase efficiency. Enter payment automation - a solution that has gained popularity in recent times due to the pandemic and the new competitive landscape. What is Payment Automation?
From the outside the VISA network works seamlessly, however, on the inside the payments ecosystem is very inefficient, both from a business as well as technology perspective. tokenization) to seamlessly complete a payment transaction without payment information having to be shared with the merchant’s web servers.
Payments Paysera announces strategic partnership with payeeverification solutions provider iPiD. Digital payment network Paysend teams up with Tink to enhance its open banking capabilities. Identity verification AU10TIX announces new CEO Yair Tal. Identity verification AU10TIX announces new CEO Yair Tal.
In recent years, the payments market has been marked by continuous dynamism, driven by disruptive innovations and the emergence of new paradigms based on open models. It is offered by the payers PSPs to their users, both for domestic and cross-border payments in euro.
Ozone API , UK-based fintech with the world’s leading open API platform, today launches a guide to support banks and PSPs through Verification Of Payee (VOP), ahead of the mandatory changes that need to be implemented by October 2025.
The verifiable credential supports secure on- and offline verification for a wide range of use cases including payments and digital access to government services. ” TerraPay enables payments to 150+ receiving countries and 210+ sending countries. . The company’s platform facilitates payments to more than 3.7
Swift drives global interoperability and innovation, aligning with the UK’s National Payments Vision to enhance seamless, secure payments. The UKs payments landscape is at an inflexion point. The result is an improved customer experience.
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