iPiD, a fee validation options
supplier, has revealed pointers and techniques that fee service
suppliers (PSPs) can undertake to adjust to the European Verification of Payee (VoP)
mandate by October 2025. The white paper titled “Verification of Payee: The
Race to Compliance” is authored by the agency’s CEO, Damien Dugauquier. The VoP mandate marks a
important shift in fee safety requirements.
Based on the press launch, iPiD’s white paper
analyzes the technological, operational, and strategic changes required for
PSPs to fulfill compliance requirements. It highlights the significance of
interoperability and safe API integration throughout European fee channels. This regulation goals to
mitigate misdirected funds and shift legal responsibility from payers to PSPs.
Dugauquier talked about:
“With the Verification of Payee mandate, we stand at a crucial juncture
in enhancing fee safety and integrity throughout Europe.”
“Our whitepaper not solely guides PSPs by way of the
compliance journey but in addition illuminates the trail in direction of leveraging these
modifications to develop premium fee safety options. It is a testomony to the
collaborative effort of main trade specialists to fortify the fee
ecosystem towards fraud.”
Singapore-based fintech #iPiD has launched the ‘Verification of Payee: The Race to Compliance’ #information for fee service suppliers (#PSPs).
Learn extra right here 👉 https://t.co/lOI5QKyL4T pic.twitter.com/PEJ4X1PbYs
— The Paypers (@ThePaypers) April 4, 2024
Notable contributors embrace Christian Sarafidis from
Microsoft, Jeroen Holscher of Capgemini, and Eran Vitkon from Finastra, amongst
others. The contributors supplied their views on digital
transformation, fraud prevention, and the function of progressive options in
bolstering fee safety.
Insights from Business Leaders
With the looming VoP mandate, Dugauquier emphasised
the significance of enhancing fee safety throughout Europe. The white paper
outlined steps for compliance throughout the subsequent six months. Among the many beneficial methods is the collaboration
with specialist suppliers to streamline the implementation of the rules.
iPiD is a fintech startup established in 2021 by a
crew with a background in main funds and know-how companies, resembling SWIFT and
Thomson Reuters.
Based on the corporate’s web site, the crew spans
India, Belgium, the Americas, the UAE, Malaysia, the Netherlands, South Africa, Spain, Vietnam, and Singapore. iPiD goals to reinforce cross-border funds by way of collaboration with monetary service suppliers like banks, fee
methods, and fintech corporations.
iPiD, a fee validation options
supplier, has revealed pointers and techniques that fee service
suppliers (PSPs) can undertake to adjust to the European Verification of Payee (VoP)
mandate by October 2025. The white paper titled “Verification of Payee: The
Race to Compliance” is authored by the agency’s CEO, Damien Dugauquier. The VoP mandate marks a
important shift in fee safety requirements.
Based on the press launch, iPiD’s white paper
analyzes the technological, operational, and strategic changes required for
PSPs to fulfill compliance requirements. It highlights the significance of
interoperability and safe API integration throughout European fee channels. This regulation goals to
mitigate misdirected funds and shift legal responsibility from payers to PSPs.
Dugauquier talked about:
“With the Verification of Payee mandate, we stand at a crucial juncture
in enhancing fee safety and integrity throughout Europe.”
“Our whitepaper not solely guides PSPs by way of the
compliance journey but in addition illuminates the trail in direction of leveraging these
modifications to develop premium fee safety options. It is a testomony to the
collaborative effort of main trade specialists to fortify the fee
ecosystem towards fraud.”
Singapore-based fintech #iPiD has launched the ‘Verification of Payee: The Race to Compliance’ #information for fee service suppliers (#PSPs).
Learn extra right here 👉 https://t.co/lOI5QKyL4T pic.twitter.com/PEJ4X1PbYs
— The Paypers (@ThePaypers) April 4, 2024
Notable contributors embrace Christian Sarafidis from
Microsoft, Jeroen Holscher of Capgemini, and Eran Vitkon from Finastra, amongst
others. The contributors supplied their views on digital
transformation, fraud prevention, and the function of progressive options in
bolstering fee safety.
Insights from Business Leaders
With the looming VoP mandate, Dugauquier emphasised
the significance of enhancing fee safety throughout Europe. The white paper
outlined steps for compliance throughout the subsequent six months. Among the many beneficial methods is the collaboration
with specialist suppliers to streamline the implementation of the rules.
iPiD is a fintech startup established in 2021 by a
crew with a background in main funds and know-how companies, resembling SWIFT and
Thomson Reuters.
Based on the corporate’s web site, the crew spans
India, Belgium, the Americas, the UAE, Malaysia, the Netherlands, South Africa, Spain, Vietnam, and Singapore. iPiD goals to reinforce cross-border funds by way of collaboration with monetary service suppliers like banks, fee
methods, and fintech corporations.
