Banks & Financial Institutions

Your Cross-Border Payments
Secured Globally

Americas, Asia, Africa, and Europe via a single API

Close the trust gap in global and local transfers.

Instantly validate beneficiary account ownership to stop APP fraud, eliminate misdirected payments, and ensure seamless compliance with FATF16 mandates

The Global and Local Payments Imperative

Cross-border payment flows are expected to reach $156 trillion by 2030. While global banks struggle with the complexity of unfamiliar international formats, local banks face high operational burdens and rising fraud from account takeovers.

Between 11–30% of cross-border transfers fail due to incorrect or outdated beneficiary details.
For local banks, these failed payments cost between $60 and $300 per transaction in recovery and customer churn.

Fraudsters increasingly exploit vendor impersonation and account takeover (ATO) schemes. Without real-time verification, banks remain vulnerable to Authorized Push Payment (APP) fraud.

Global mandates like FATF16 and regional rules such as EU VoP, UK CoP, US NACHA, and Australia CoP require greater transparency. Non-compliance increases operational complexity and erodes client confidence.

Build Trust and Accuracy with iPiD Before Money Moves

Deliver Customer Trust

Verify beneficiary details before execution so cross-border payments arrive correctly and securely, strengthening confidence in your institution.

Reduce Failed Transfers

Catch incorrect or outdated details at the source to lower operational costs and prevent disputes.

Simplify Regional Compliance

Meet requirements such as VoP, CoP, and FATF16 by embedding verification directly into your existing cross-border payment flows.

Talk to our team >

Precision Verification via a Single API

Eliminate the guesswork. Our API provides clear, actionable responses so you can automate your decisioning logic instantly.

No Match

High risk. Name does not belong to account

Partial Match

Close match, likely a typo or nickname.

Match

Name and Account match perfectly.

Reviews by Industry Leaders

Citi partners with iPiD to raise the bar for global payment security

"At Citi, we believe the future of global payments is built on a foundation of trust and resilience. Our collaboration with iPiD will enable us to rapidly scale and accelerate the reach of our Citi Verify solution globally – supporting superior fraud mitigation and driving unparalleled efficiency for our clients."

John Walsh

Head of Payment Services

Citibank

Future-proof your cross-border payments

Secure your institutional flows and meet local and global mandates with payee verification.

Get a demo

FAQs

What is iPiD, and how does it help banks and financial institutions verify payees?

iPiD is a payee verification layer that helps financial institutions check whether a beneficiary name matches the account holder before a payment is sent. Through a single API, banks can add this check to domestic and cross-border payment journeys, helping reduce misdirected payments, fraud risk, payment failures, and manual investigation.

How does iPiD Global Validate differ from Verification of Payee and Confirmation of Payee?

Verification of Payee and Confirmation of Payee are market-specific name-checking schemes. iPiD Global Validate gives financial institutions one integration for payee verification across multiple markets, including where no domestic scheme is available. It can complement local scheme connections while providing a more consistent verification workflow for cross-border payments.

What countries, financial institutions and account types can iPiD support in real time?

iPiD connects to more than 6,500 financial institutions across 50+ countries through a single API. Coverage includes a mix of traditional banks and digital financial institutions, but supported account types and response capabilities vary by market. Contact the iPiD team to confirm coverage for a specific country, institution, or payment flow.

How does iPiD protect customer and payment data during verification?

iPiD is designed to minimise data exposure during verification and does not store sensitive bank account details submitted for a check. Verification requests are processed securely, with controls designed for financial-institution requirements. The response returns the match outcome needed for the payment decision without exposing unnecessary customer information.

How does iPiD support Verification of Payee and Confirmation of Payee requirements across the EU and the UK?

iPiD provides the name-account matching and routing capabilities financial institutions need to support Verification of Payee and Confirmation of Payee workflows. A single integration can help banks apply a more consistent verification experience across markets, while adapting the implementation to each jurisdiction’s scheme rules, response requirements, and rollout timelines.

How does iPiD help US financial institutions meet NACHA requirements?

iPiD provides the necessary account validation layer to support US NACHA Phase 1 compliance ahead of the 20 March 2026 deadline, reducing the risk of unauthorized ACH transfers.

What role does iPiD play in satisfying FATF Recommendation 16 (The Travel Rule)?

Following the adoption of FATF Rec 16 in June 2025, financial institutions must ensure greater transparency in identifying the ultimate beneficiary. iPiD confirms beneficiary details before execution to ensure that the required data is accurate and verified.

Can this prevent 'Authorized Push Payment' (APP) fraud across different jurisdictions?

Absolutely. By flagging "Weak Matches" or name-account mismatches, iPiD alerts banks to potential vendor impersonation or account takeover scams before money leaves the sender's account.

Does integration require significant changes to our existing infrastructure?

No. iPiD is a rail-agnostic overlay service. You connect via a single API, and we route the verification requests to the relevant global financial institutions dynamically, regardless of your settlement network.

How does iPiD mitigate the high cost of cross-border payment failures?

With cross-border failure costs ranging from $60 to $300 per transaction, iPiD catches formatting errors and incorrect data at the source to prevent expensive investigations and customer churn.

Your Cross-Border Payments Secured Globally

Close the trust gap in global and local transfers.​

The Global and Local Payments Imperative​