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MassPay, a payout orchestration platform that processes billions of dollars annually across more than 180 countries, has integrated Global Payee Verification Services into its existing platform.
The addition is available to clients at no extra charge and is aimed at reducing misdirected payments and limiting fraud exposure before funds are disbursed.
What Payee Verification Means Payee verification is the process of confirming that a recipient's identity and account details are accurate before money moves.
On a platform operating at the scale MassPay describes — billions of dollars, 180-plus countries — even a small rate of unverified or mismatched payees can translate into significant losses and compliance headaches.
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