ID-Pal and CLOWD9 partner to strengthen identity verification
ID-Pal and CLOWD9 have announced a global strategic partnership to enhance secure and efficient identity verification in payment processing. This collaboration integrates ID-Pal’s AI-powered technology into CLOWD9’s payment solutions portfolio, aiming to set new standards for security and efficiency in the digital finance ecosystem.
CLOWD9, a B-Corp-certified issuer processing platform, plays a key role in the global payments system by authorizing transactions, initiating payments, and maintaining cardholder data records. ID-Pal, an identity verification platform, provides real-time verification, strong data security standards, and fully AI-powered technology to support a wide range of payment providers.
The partnership will provide CLOWD9 clients with access to identity and AML screening solutions, featuring AI fraud detection capabilities to enhance payment security. This strategic alliance is expected to strengthen the digital finance ecosystem, helping banks and financial institutions adapt to the rapidly evolving landscape of secure digital payments.
The integration of AI-powered identity verification is crucial in safeguarding transactions, as the rise of digital payments has also led to an increase in cybercrime. Regulatory frameworks such as AML and KYC requirements have become more stringent, necessitating robust security measures. The partnership between ID-Pal and CLOWD9 aims to address these challenges by offering sophisticated identity verification processes that ensure customer data is accurate and protected.
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