Microsoft Azure customers worldwide now gain access to iPiD’s Global Bank Account Validation Deployment Kit to take advantage of the scalability, reliability, and agility of Azure to drive application development and shape business strategies.

SINGAPORE — June 13, 2024 — iPiD, a leading provider of payment verification solutions, today announced the availability of its Global Bank Account Validation Deployment Kit in the Microsoft Azure Marketplace, an online store providing applications and services for use on Azure. iPiD customers can now take advantage of the productive and trusted Azure cloud platform, with streamlined deployment and management.

The global payment landscape is evolving rapidly, with digital and instant payments becoming increasingly prevalent. In this environment, protecting customers from failed or misdirected payments is paramount. iPiD’s solution addresses this challenge by allowing for real-time payee verification, pre-empting failures, repairing issues, and identifying malicious parties before any harm occurs.

One of the key features of iPiD’s solution is its Verification of Payee (VoP) network, which enables inquirers to check for the existence and ownership of the intended payee account. This network covers many countries and approximately 3 billion accounts, making it one of the largest of its kind. The solution also offers full Confirmation of Payee (CoP) validation, including account existence check, account ownership check, name match, currency validation, and more.

Additionally, iPiD’s solution includes Logic/Syntax-based validation, which includes length, structure, and check digit validation, as well as bank details elaboration, providing bank name, bank code, BIC code, bank address, and more. This comprehensive validation ensures that payments are processed accurately and efficiently.

“We are committed to providing the most comprehensive and reliable payment verification solutions on the market,” said Damien Dugauquier, Co-founder and CEO at iPiD. “Our plug-and-play deployment kit on Microsoft Azure Marketplace is a testament to this commitment, and we are excited to bring our leading-edge technology to even more customers.

We’re pleased to welcome iPiD’s Global Bank Account Validation Solution to the Microsoft Azure Marketplace, which gives our partners great exposure to cloud customers around the globe. Azure Marketplace offers world-class quality experiences from global trusted partners with solutions tested to work seamlessly with Azure.”- Heather Gordon, Regional General Manager Asia for Partners at Microsoft.

About iPiD

iPiD is a fast-growing, venture-backed fintech start-up that was founded in late 2021 by a global team of senior leaders from major technology and payment companies, including SWIFT and Thomson Reuters. iPiD’s vision is to make cross-border payments easy, secure, and seamless by facilitating trust in the global financial ecosystem. iPiD is built for all – we do not replace banks, payment fintechs, wallets, or remittance companies; nor do we replace existing payment rails. Instead, we listen to partner needs and anticipate the trajectory of the industry to co-create and build complementary services that deliver on real service gaps and solve real problems.

For more information about the company and its solutions, visit https://ipid.tech/

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iPiD Media,
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