iPiD, a payment validation solutions
provider, has published guidelines and strategies that payment service
providers (PSPs) can adopt to comply with 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 firm’s CEO, Damien Dugauquier. The VoP mandate marks a
significant shift in payment security standards.
According to the press release, iPiD’s white paper
analyzes the technological, operational, and strategic adjustments required for
PSPs to meet ukulandelwa standards. It highlights the importance of
interoperability and secure API integration across European payment channels. This regulation aims to
mitigate misdirected payments and shift liability from payers to PSPs.
Dugauquier mentioned:
“With the Verification of Payee mandate, we stand at a critical juncture
in enhancing payment security and integrity across Europe.”
“Our whitepaper not only guides PSPs through the
ukulandelwa journey but also illuminates the path towards leveraging these
changes to develop premium payment security solutions. It’s a testament to the
collaborative effort of leading industry experts to fortify the payment
ecosystem against fraud.”
Singapore-based fintech #iPiD has launched the ‘Verification of Payee: The Race to Compliance’ #umhlahlandlela for payment service providers (#PSPs).
Funda kabanzi lapha 👉 https://t.co/lOI5QKyL4T pic.twitter.com/PEJ4X1PbYs
— The Paypers (@ThePaypers) April 4, 2024
Notable contributors include Christian Sarafidis from
Microsoft, Jeroen Holscher of Capgemini, and Eran Vitkon from Finastra, among
others. The contributors offered their perspectives on digital
uguquko, ukukhwabanisa prevention, and the role of innovative solutions in
bolstering payment security.
Imibono evela kubaholi bemboni
With the looming VoP mandate, Dugauquier emphasized
the importance of enhancing payment security across Europe. The white paper
outlined steps for compliance within the next six months. Among the recommended strategies is the collaboration
with specialist providers to streamline the implementation of the regulations.
iPiD is a fintech startup established in 2021 by a
team with a background in major izinkokhelo and technology firms, such as SWIFT futhi
Thomson Reuters.
According to the company’s website, the team spans
India, Belgium, the Americas, the UAE, Malaysia, the Netherlands, South Africa, Spain, Vietnam, and Singapore. iPiD aims to enhance cross-border payments through collaboration with financial service providers like banks, payment
systems, and fintech companies.
iPiD, a payment validation solutions
provider, has published guidelines and strategies that payment service
providers (PSPs) can adopt to comply with 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 firm’s CEO, Damien Dugauquier. The VoP mandate marks a
significant shift in payment security standards.
According to the press release, iPiD’s white paper
analyzes the technological, operational, and strategic adjustments required for
PSPs to meet ukulandelwa standards. It highlights the importance of
interoperability and secure API integration across European payment channels. This regulation aims to
mitigate misdirected payments and shift liability from payers to PSPs.
Dugauquier mentioned:
“With the Verification of Payee mandate, we stand at a critical juncture
in enhancing payment security and integrity across Europe.”
“Our whitepaper not only guides PSPs through the
ukulandelwa journey but also illuminates the path towards leveraging these
changes to develop premium payment security solutions. It’s a testament to the
collaborative effort of leading industry experts to fortify the payment
ecosystem against fraud.”
Singapore-based fintech #iPiD has launched the ‘Verification of Payee: The Race to Compliance’ #umhlahlandlela for payment service providers (#PSPs).
Funda kabanzi lapha 👉 https://t.co/lOI5QKyL4T pic.twitter.com/PEJ4X1PbYs
— The Paypers (@ThePaypers) April 4, 2024
Notable contributors include Christian Sarafidis from
Microsoft, Jeroen Holscher of Capgemini, and Eran Vitkon from Finastra, among
others. The contributors offered their perspectives on digital
uguquko, ukukhwabanisa prevention, and the role of innovative solutions in
bolstering payment security.
Imibono evela kubaholi bemboni
With the looming VoP mandate, Dugauquier emphasized
the importance of enhancing payment security across Europe. The white paper
outlined steps for compliance within the next six months. Among the recommended strategies is the collaboration
with specialist providers to streamline the implementation of the regulations.
iPiD is a fintech startup established in 2021 by a
team with a background in major izinkokhelo and technology firms, such as SWIFT futhi
Thomson Reuters.
According to the company’s website, the team spans
India, Belgium, the Americas, the UAE, Malaysia, the Netherlands, South Africa, Spain, Vietnam, and Singapore. iPiD aims to enhance cross-border payments through collaboration with financial service providers like banks, payment
systems, and fintech companies.
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- Source: https://www.financemagnates.com//fintech/ipid-issues-guidelines-for-navigating-european-payment-security-regulations/
