Verifying funds: how open banking can ensure compliant commerce
How can an eCommerce merchant, an iGaming operator, or any business owner, ensure that payments come from, and refunds go to, legitimate customers and not criminals? For money laundering practices, failing to verify the source of funds can result in fines. Take a break and listen in to Yaspa’s CEO, James Neville, chat with personal finance reporter, Georgie Frost, to discuss how open banking can help merchants to easily connect identity and payments to verify transactions and meet their KYC requirements. On this podcast you’ll get insight into:
- What verified funds and payouts are
- What it takes to prove that our money and account belongs to us
- How open banking can help merchants connect identity and payments to verify transactions
If you've got a question about payments, we'd love to hear from you - and to learn more about how Yaspa’s instant cardless payments transform the way people pay, watch this demo.
