back Back

Shieldpay announced a partnership with DirectID

By Joy Dumasia

June 29, 2022

  • API Banking
  • Bank Account Verification
  • Digital Payments
Share

Shieldpay, the secure digital payments market leader and global credit and risk specialists DirectID, have announced a partnership to implement DirectID’s open banking-powered bank account verification into the Shieldpay payments engine. 

DirectID’s Connect widget and Shieldpay’s payment engine allow customers to transfer funds online through digital escrow and trust services. The combined service will bring seamless identity verification during transfers, streamlining the Shieldpay customer experience without sacrificing security and bringing customers a frictionless payment journey at every step. 

The professional services firms relying on Shieldpay to safely transfer millions of pounds in client fees and project finances to the marketplaces bringing more security and digital escrow (fund holding) services to their buyers and sellers, can now benefit from DirectID’s 13,000+ bank connections. 

James Stubbs, Financial Crime Systems, Shieldpay, commented: “We’re excited and intrigued by the possibilities of what DirectID and Shieldpay can bring to the table for our customers. Blending frictionless account verification in a customer’s own banking environment with safer online payment solutions for marketplaces will only help us on our mission to facilitate a new era of trust online.” 

Clare McCaffery, Chief Commercial Officer, DirectID, commented: “Verifying that the bank account details provided match those on file is one of the most proven and effective use-cases for Open Banking. I’m delighted Shieldpay have chosen DirectID to safely verify account ownership for digital escrow and trust services. We’re delighted to launch and look forward to working with Shieldpay on a variety of use cases in the future.” 

Previous Article

June 29, 2022

BondLink makes key hires to strengthen the future of investor transparency for Municipal Governments

Read More
Next Article

June 29, 2022

Mastercard teams up with Softcell for its cybersecurity offerings in India

Read More













IBSi Daily News Analysis

Embedded Finance

September 29, 2023

API Banking

Banking is becoming byte-sized with rise of Embedded Finance, Temenos study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Flutterwave & Capgemini to launch engineering mobility program in India

Read More

Today

7 FinTech tweets you should see!

Read More

Today

Razorpay & Visa to facilitate mutual fund investments via Debit Cards

Read More

Related Reports

Sales League Table Report 2023

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q2 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q2 2023

£1,500.00 / year

Know More
Testing & QA for NextGen Bank Tech Q3 2023

£500.00 / year

Know More
Treasury & Capital Markets Systems Report Q2 2023

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023