Our architecture allows for flexible, plug-and-play integration.
Designed to meet the highest industry standards to protect businesses from fraud and compliance risks.
iPiD verifies payee details before a payment is made, preventing impersonation scams, fraudulent transfers, and misdirected funds.
Our network cross-checks payee details against global fraud databases and financial institutions, helping businesses combat rising scams projected to exceed $7.6 billion by 2028.
Eliminate costly delays, failed transactions, and chargebacks by ensuring account details are accurate before payment initiation.
Reduce operational inefficiencies and avoid unnecessary reconciliation costs, improving cash flow and user experience.
Bring real-time payee validation directly into the customer journey, ensuring seamless, error-free transactions for users of wallets, fintech apps, and banks.
Powering next-generation payments, iPiD enables instant payee validation within digital wallets like Careem Pay, reducing failed transactions and improving trust.
Our architecture allows for flexible, plug-and-play integration.
Avoid costly delays, rejections, and failed payments caused by incorrect account details. Real-time validation ensures that every payment reaches the right recipient, the first time.
Designed to meet the highest industry standards to protect businesses from fraud and compliance risks.
Protect payments from unauthorised transfers. Our verification solutions prevent misdirected funds and help financial institutions combat rising scams—projected to exceed $7.6 billion by 2028.
Bring real-time payee validation directly into the customer journey, ensuring seamless, error-free transactions for users of wallets, fintech apps, and banks.
Powering next-generation payments, iPiD enables instant payee validation within digital wallets like Careem Pay, reducing failed transactions and improving trust.
Global validation refers to the process of verifying payee details before a transaction is initiated, ensuring that payments reach the intended recipient accurately and securely. This helps businesses prevent fraud and reduce misdirected payments.
Incorrect or fraudulent payee details can lead to payment failures, financial losses, and compliance issues. Validating payee information in real time helps financial institutions, PSPs, and businesses reduce fraud risks, improve transaction accuracy, and enhance customer trust.
Know Your Payee (KYP) is a critical layer of security in payment verification, similar to Know Your Customer (KYC). While KYC focuses on verifying the identity of customers, KYP ensures the recipient's details are accurate before a payment is made. This reduces unauthorised transactions and protects businesses from fraud.
Verifying payee information in global transactions provides several advantages:
While VoP and CoP focus on compliance within specific markets (Europe and the UK), Global Validation ensures payee verification on a global scale, helping businesses manage cross-border transactions securely. With an 85% banked population, particularly in key markets like India, the US, China, and the UK, businesses get access to a solution that verifies payees across multiple jurisdictions.
iPiD uses advanced encryption, secure APIs, and compliance with financial regulations to protect sensitive payment data.
Yes, iPiD provides instant, real-time verification to ensure payments reach the correct recipient securely.
