Global payee verification, in real time, through one API

Payments fail when the payee can’t be verified before the money moves. IPID checks account ownership across banking systems in real time, before a transfer is sent, so fraud, misdirected funds, and failed payments are prevented rather than cleaned up after.

Get a demo See global coverage

6,500+

financial institutions

4B+

accounts

Unmatched global coverage, built for every corridor

  • Americas

    91%

  • Europe

    99%

  • Asia & Oceania

    90%

  • Africa

    65%

Banked population covered

Looking for US-specific coverage? See how IPID works with Nacha and domestic US rails.

Global payments demand global verification

In today’s increasingly interconnected world, accurate, compliant payee verification across borders is now a necessity. Traditional methods are often fragmented, manual, and error-prone.

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Domestic payee verification already works

The UK’s Confirmation of Payee cut redirection scams from half to a quarter of APP fraud losses in five years. As domestic coverage matured, international payments’ share of those losses more than doubled.

UK Finance 2026, with IPID analysis

39% of firms plan to adopt payee verification

They plan to adopt payee verification within 24 months, the highest of any payment capability tracked. Another 28% already use it.

HSBC, Global Payment Trends Report 2026

Explore use cases

Banks

Verify beneficiaries before cross-border payments move.

Payouts

Reduce failed disbursements by verifying recipients first.

Remittances

Help customers send to the right person, without delays.

Treasury

Validate supplier bank details before payment, not after.

What payee verification delivers for every payment

Reduce fraud

IPID verifies payee details before a transaction completes, preventing impersonation scams and misdirected transfers before they happen, not flagging them after the money is gone.

Lower costs

Verifying account details up front means fewer failed payments, fewer reversals, and less manual reconciliation. In high-volume environments, that adds up fast.

Enhance experience

Verification embedded directly into wallets and fintech apps means fewer failed transactions and less friction at the point of payment, especially for users who never see the check happen.

Send every payment with confidence

Verify payees globally, in real time, before the money moves.

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Need in-market scheme connectivity? See how IPID connects to local schemes

Frequently asked questions

What is global verification in payments?

Global verification 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.

Why is verifying payee details important for global payments?

Incorrect or fraudulent payee details can lead to payment failures, financial losses, and compliance issues. Verifying payee information in real time helps financial institutions, PSPs, and businesses reduce fraud risks, improve transaction accuracy, and enhance customer trust.

How does Know Your Payee (KYP) improve global payments?

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.

What are the benefits of verifying payee details before processing a payment?

Verifying payee information in global transactions provides several advantages:

  • Fraud prevention – Reduces unauthorised transactions by ensuring payee details are accurate before payments are sent.
  • Lower operational costs – Minimises the need for manual verification and reduces losses from payment failures.
  • Seamless integration – Works with existing payment infrastructures via API connectivity without requiring major system changes.
  • Improved customer experience – Ensures that payments reach the right recipient without delays, reducing disputes and chargebacks.
How does Payee Verification differ from VoP and CoP?

Payee Verification helps prevent fraud and misdirected payments by confirming payee details before funds are sent.

While VoP and CoP cover Europe and the UK, IPID’s Payee Verification extends this capability across multiple global markets and payment corridors.

Businesses validating US bank accounts can also use IPID’s dedicated US Payee Verification solution.

How does IPID ensure data security?

IPID uses advanced encryption, secure APIs, and compliance with financial regulations to protect sensitive payment data.

Does IPID Validate support real-time verification?

Yes, IPID provides instant, real-time verification to ensure payments reach the correct recipient securely.