Fraud and failed payments are increasing in the payments industry, especially authorized push payment fraud where individuals are deceived into sending money to criminals using stolen or fabricated identities. Existing cross-border payment processes often require remembering complicated beneficiary banking details, increasing the risk of errors and fraud.

iPiD offers an alias addressing service that simplifies and secures global payments by validating payee identities and retrieving banking information using a mobile number or other alias. The solution uses a decentralized model where data is neither visible nor transformed within iPiD's central routing engine, enhancing security and trust. iPiD's API integrates with existing systems to improve payee data quality and ensure payments reach the intended recipients, without replacing existing payment rails or systems. This approach reduces costs associated with data errors and minimizes the risk of fraud in cross-border transactions.

Payee validation using mobile number or other aliases

Alias mapping with bank account details

Decentralized model with no-data storage policy for enhanced security

Single API for easy integration with existing systems

Payment rail agnostic, allowing flexibility in fund transfers

Compliance with data security and localization requirements

iPiD serves banks, fintechs, corporations, payment systems, and remittance firms seeking to improve the security and efficiency of their international payment processes.