We empower cross-border, regulated and high value businesses with specialist banking services, with a single integration to our solutions.
Instant, global reach of the world’s 4.2Bn “banked” persons
Live, dynamic, up-to-date KYC source data
Real-time onboarding and oﬀboarding (payouts)
Lower friction & cost
Payment Instrument Veriﬁcation (PIV) is a technology which combines the veriﬁcation of the user’s identity with the authentication of their payment transaction to deliver regulatory compliance to an enhanced due diligence (EDD) standard.
It allows merchants to unlock the identity in a ﬁnancial transaction and it is successfully used:
Customer makes a payment using a debit card and the payment is processed by Paydentity
The transaction is randomly divided into two amounts creating a dynamic “secret”
The customer logs in to their online banking and retrieves the dynamic “secret”
Conﬁrmation of the “secret” succesfully identiﬁes the customer
This process is then linked to our Digital KYC, SCA and other Fraud Protection products
Our FRAML engine is one of the few systems that uses a proactive approach to fraud.
Depending on your industry and risk appetite, you can choose the tools that best suit your business.
In conjunction with our patented technology, we use a range of veriﬁed global databases and credit reference agencies as well as other technology to make sure that we minimise friction during the on-boarding process.
Interested to find out more about our products?
Our team is always happy to help.