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[LONDON, 14 July 2026] — iPiD, the global leader in payee verification, or Know Your Payee (KYP), for cross-border payments, today announced a partnership with T11, the trust layer for every payee and payment. The partnership embeds iPiD's KYP verification directly into T11's platform, giving T11's clients a verification layer at the point where payout risk is highest. For businesses moving money to suppliers and paying out insurance claims, this closes the gap between an unverified payee and a completed payment.
T11 built its platform around a single premise: verification, monitoring, and control should sit inside the payment process, not around it. Supplier payouts and insurance claims payments carry outsized fraud exposure because they are high-value, one-to-one, and often paid to new or infrequently used bank accounts. iPiD's verification adds a real-time check on payee identity before funds move, so T11's clients can confirm they are paying who they intend to pay.
The integration means T11 clients processing supplier payments and insurance claims disbursements can now verify beneficiary details against iPiD's global verification network before a payout is released, reducing misdirected payment risk and giving finance and claims teams a documented verification step in their existing workflow.
"Supplier payments and insurance claims are exactly the payment flows where one wrong account number turns into a six or seven figure loss. Embedding verification into T11's platform means their clients catch that risk before the payment leaves, not after. This is what payee verification should look like, built into the trust layer businesses already rely on, not added on afterward." — Greg Huguet, Sales Director, Europe, iPiD
"Our clients across Europe process supplier payouts and insurance claims payments where getting the payee wrong is costly and there's little room for delay. Adding iPiD's verification into our platform gives them a way to confirm who they're paying without slowing the payment down. It fits directly into the trust and control we've built T11 around." — Jack Butcher, Co-founder & CEO, T11
T11 is the trust layer for every payee and payment, giving businesses verification, monitoring, and control within a single platform. T11 helps finance and payments teams confirm who they're paying before funds move, reducing the risk of misdirected payments across supplier, claims, and other high-value payout flows.
