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iPiD, a global provider of Know Your Payee (KYP) or real-time payee and account verification solutions, today announced a partnership with Mazepay, a process platform that helps large enterprises streamline procurement, supplier compliance, and invoice payments.
Mazepay supports the end-to-end purchase-to-pay process, enabling employees to raise purchase requests in line with company policies while ensuring suppliers meet compliance requirements before invoices are paid. As part of the partnership, iPiD’s account ownership verification will be embedded directly into Mazepay’s supplier identification and approval flow, replacing manual, email-based checks with real-time, independent verification of supplier account details.
By integrating iPiD into its workflow, Mazepay significantly reduces the time required to verify new supplier bank accounts when invoice payments are scheduled, cutting bank account verification time from hours or days to seconds. This shortens the path from request to payment while reducing operational overhead and friction for suppliers.
“Account ownership verification is a critical final step before approving suppliers for payment.” said Niels Erik Bjerregaard, Chief Payments Officer at Mazepay. “By integrating iPiD directly into our identification flow, we can remove manual steps for suppliers, accelerate payments, and strengthen the security of outbound payments.”
In addition to improving speed and efficiency, the partnership enhances payment security by enabling independent verification of account owner details. This reduces reliance on manual attestations and helps minimize the risk of misdirected or fraudulent payments.
“Procurement and payments teams are under constant pressure to move faster without compromising on controls,” said Damien Dugauquier, Co-founder & CEO at iPiD. “By partnering with Mazepay, we are enabling enterprises to verify suppliers in real time and at scale, while reducing manual work and improving the overall payment experience.”
With iPiD as its verification partner, Mazepay gains a globally focused solution from the outset, reducing the need for additional implementations as it expands into new markets. iPiD’s expanding country coverage enables Mazepay to support multinational enterprises with consistent standards for supplier validation across geographies.
Together, iPiD and Mazepay enable enterprises to move from purchase request to payment faster, with fewer manual steps, lower supplier friction, and greater confidence in the security and accuracy of supplier account details.
About Mazepay
Mazepay is a procurement and payments process platform for large enterprises, designed to simplify supplier onboarding, compliance, and invoice payments. By digitizing and automating key steps in the purchase-to-pay journey, Mazepay helps organizations reduce friction, improve control, and accelerate payments. For more information, visit www.mazepay.com.
