Veriff & MassPay partner to ensure compliance for global payment platform

By Delisha Fernandes

Veriff announced that it has partnered with MassPay, a payout technology company, to provide enhanced Identity Verification (IDV) services and know your customer (KYC) offerings through its Global Payment Orchestration Platform

Veriff expedites the IDV process for MassPay and its growing customer base with this partnership while ensuring compliance with KYC and know-your-business (KYB) regulations.

The company’s AI-driven identity verification technology will be accessible through MassPay’s Global Payment Orchestration Platform, enabling customers to verify identities while meeting KYC and KYB requirements to ensure compliance quickly and effectively. Veriff provides KYC verification with its video-first technology and offers a layer of protection for users through location verification.

“MassPay empowers organisations with dispersed workforces, contractors, partners, and other business relationships to execute frictionless payouts,” said Jeff Katz, co-founder and CEO of MassPay. “Identity verification plays a pivotal role in our comprehensive KYB processes. With Veriff’s identity verification capabilities, we can efficiently execute complex procedures, allowing our customers to quickly and easily onboard, while addressing the increasing diversity of payout types and locations.”

MassPay’s Global Payment Orchestration Platform allows customers to pay over 175 countries in over 70 local currencies, including cryptocurrencies. The company makes it easier for companies to facilitate global payments that meet their payee’s local preferences and services organisations across various industries.

“The last few years triggered a dramatic evolution within the online payments industry, leading to increasingly stringent regulations to address the growing need to onboard more customers safely and securely,” said Janer Gorohhov, co-founder and CPO of Veriff.  “We are excited to partner with MassPay to bring our industry-leading identity verification capabilities to their customers and enable them to integrate KYC capabilities to their payments solutions quickly and cost-effectively.”