MassPay’s expansion is safeguarded by cutting-edge identity verification technologies and know your customer offers.
Veriff, a global provider of identity verification, has partnered with MassPay, a global settlement technology company, to offer enhanced identity verification (IDV) and know your customer (KYC) services via its Global Payment Orchestration Platform. Veriff expedites the IDV process for MassPay and its expanding customer base, while assuring compliance with KYC and know your business (KYB) regulations.
MassPay’s Global Payment Orchestration Platform will provide access to Veriff’s AI-driven identity verification technology, enabling customers to swiftly and effectively verify identities while meeting KYC and KYD requirements to ensure compliance. Veriff’s video-first technology provides the best-in-class KYC verification and its location verification adds an additional layer of security for users.
“MassPay empowers organizations with dispersed workforces, contractors, partners, and other business relationships to execute frictionless payouts,” said MassPay co-founder and CEO Jeff Katz. “Identity verification is crucial to our comprehensive KYB processes.” With Veriff’s identity verification capabilities, we can execute complex procedures efficiently, allowing our customers to onboard swiftly and easily while addressing the increasing diversity of payout types and locations.”
The Global Payment Orchestration Platform offered by MassPay enables its clients to make remittances to over 175 countries in over 70 local currencies, including cryptocurrencies. The company makes it simpler for businesses to facilitate global payments in accordance with their payees’ local preferences, and it serves a variety of industries, including eCommerce, healthcare, education, direct selling, and others.
Janer Gorohhov, co-founder and chief privacy officer of Veriff, stated “The online payments industry has undergone a dramatic transformation in recent years, resulting in increasingly stringent regulations to address the growing need to onboard more consumers safely and securely. We are thrilled to partner with MassPay to offer our industry-leading identity verification capabilities to their customers and enable them to integrate KYC capabilities into their payment solutions quickly and affordably.”