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Navigating AML obligations in the age of virtual IBANs

The Payments Association

Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. Virtual IBANs (vIBANs) have become a key component of modern payment systems, enhancing payment reconciliation and facilitating cross-border transactions.

IBAN 88
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Citi Expands Reach Of AR Solution Payer ID

PYMNTS

“After exploring and evaluating different products in the industry, we chose Citi’s Payer ID solution, which enables us to assign each buyer a unique payer ID number that is linked to Alibaba’s master account.

Payer 48