Triple-A Enhances Fraud Prevention with iPiD's Payee Verification
Triple-A, a Singapore-based digital currency payment institution licensed by MAS, has adopted iPiD's services for enhanced payee verification. This integration will bolster fraud prevention and ensure compliance with Europe's upcoming Verification of Payee (VoP) requirements.
iPiD, a leading provider in Know Your Payee (KYP) solutions, will now power payee verification for Triple-A. This move extends payee verification safeguards to payouts worldwide for the digital-first provider.
Damien Dugauquier, CEO of iPiD, sees this adoption as a testament to the relevance of cross-border KYP solutions for digital-first providers. He noted that Singapore, a global hub for trusted payment innovation, is at the forefront of this shift.
Eric Barbier, CEO of Triple-A, praised iPiD's global solution for payee verification and account verification. He believes this integration demonstrates Triple-A's commitment to maintaining the same level of verification and compliance for both fiat payments and digital currencies.
iPiD's integration with Triple-A will verify payee details across on-ramp and off-ramp transactions, strengthening fraud prevention and ensuring compliance with Europe's upcoming Verification of Payee (VoP) requirements. This collaboration underscores the growing importance of robust payee verification in the digital currency landscape.
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