Verify Every Beneficiary.
Protect Every Payment.
Beneficiary verification, bank account validation, identity checks and real-time fraud detection — applied to every cross-border payout before funds move. Secure international payments start before the payment exists.
Why Payment Verification Matters
Cross-border payments fail at the beneficiary, not the bank
Ask any finance team what breaks their international payouts and the answer is rarely the payment rail. It is the data: an account number with a transposed digit, a supplier whose registered name doesn\u2019t match the invoice, a contractor whose bank account was closed last quarter, a fraudster who swapped beneficiary details in an email thread. Traditional bank wires execute against whatever you type — the verification burden sits entirely with the sender.
The consequences compound across borders. A failed payment doesn\u2019t just bounce: it accrues intermediary fees, strands funds in transit for days, triggers supplier escalations and consumes support hours. A misdirected payment is worse — recovering money sent to the wrong account in another jurisdiction is slow, uncertain and sometimes impossible. And every unverified payout is an open door for authorised push payment fraud, the fastest-growing category of payment crime.
KeyBS Pay\u2019s answer is the Payout Protection Layer: every payment passes through beneficiary verification, bank account validation, identity checks, velocity-based fraud detection and AML screening before funds are released. Verification is not a premium add-on or a manual step — it is how payments are processed.
$485B+
estimated global losses to fraud scams and bank fraud schemes in 2023
Source: Nasdaq / Verafin Global Financial Crime Report 2024
$118.5B
estimated annual cost of failed payments to the global economy
Source: Accuity / LexisNexis Risk Solutions, True Cost of Failed Payments
~70%
of organisations report being targets of payment fraud attempts in a typical year
Source: AFP Payments Fraud and Control Survey
The Five Protection Layers
Enterprise Payout Protection
Each layer answers a different question about a payment. Together they form a verification chain that no single check can provide.
Verify Tax Identity
TIN Matching
Tax Identification Number matching cross-checks the beneficiary’s TIN against the registered legal name where supported. It catches mistyped identifiers and mismatched entities before they become tax-reporting errors or compliance findings.
Especially valuable for contractor payouts and marketplace disbursements, where payee tax data feeds directly into reporting obligations.
Real-Time Fraud Detection
Velocity Checks
Velocity analysis monitors payment activity across users, devices, accounts and payment methods in real time. Unusual bursts — many payouts to a new beneficiary, rapid changes of bank details, device anomalies — are flagged before funds are released.
This is the behavioural layer: it looks at how payments happen, not just where they go.
Beneficiary Name Verification
Account Name Inquiry (ANI)
ANI queries the receiving bank to confirm the account holder’s name matches the beneficiary details you provided — before execution. A mismatch stops the payment for review instead of sending funds to the wrong account.
Misdirected transfers are among the costliest payout failures; name verification at the source prevents most of them.
Bank Account Verification
Account Validation Service (AVS)
AVS confirms that the recipient account is valid, active and able to receive payments — catching closed accounts, invalid account numbers and unsupported account types before processing begins.
Every failed payment costs fees, delay and support time. Validation before execution removes the largest cause.
Recipient Confirmation
Bank Account & Name Validation
The combined check: account ownership and account details cross-verified together, so the payment goes to the right person at the right account — with an auditable verification record attached to the transaction.
The result is a payout with a documented chain of checks — evidence your compliance team can point to.
The Verification Workflow
How KeyBS Pay verifies every payment
From beneficiary onboarding to settlement, verification runs inline — in seconds, not review queues.
Beneficiary Onboarded
Identity and account details captured; TIN matching and identity checks applied where supported.
Account Validated
AVS and account name inquiry confirm the account is real, active and owned by the named beneficiary.
Payment Screened
Velocity checks and AML screening run against the transaction in real time before release.
Funds Released
Only payments that pass every applicable layer are executed — with full tracking to settlement.
Monitored & Logged
Post-execution monitoring continues, and every verification step is recorded for audit.
Who Relies On It
Built for businesses that cannot afford a wrong payment
Marketplaces & Gig Platforms
High-volume payouts to thousands of sellers and workers — every beneficiary validated before the first cent moves.
Importers & Exporters
Supplier payments across Africa–Asia corridors with name and account verification against invoice details.
Fintechs & SaaS
Programmatic disbursements through the API with validation and simulation built into the payment flow.
NGOs & Aid Programmes
Beneficiary disbursements with documented verification chains that satisfy donor audit requirements.
Travel & Logistics
Agent commissions, carrier settlements and refunds — verified recipients across dozens of markets.
Education & Payroll
Tuition disbursements and cross-border salaries where a misdirected payment is not an option.
Verification API
Validate before you execute — programmatically
The verification workflow is available through the KeyBS Pay API, so your platform can verify beneficiaries and pre-flight payments before committing funds.
/beneficiaries/verify
Verify beneficiary identity — name, TIN and identity document checks where supported.
/beneficiaries/validate
Validate the beneficiary’s bank account — existence, status and name match (ANI/AVS).
/payments/validate
Pre-flight a payment — run all applicable verification layers without moving funds.
/payments/simulate
Simulate execution end-to-end — fees, FX, rails and expected settlement, before you commit.
Endpoint availability varies by corridor and rail — see the developer portal for full reference.
curl -X POST https://api.keybs.io/v1/payments/validate \
-H "Authorization: Bearer sk_live_..." \
-d '{
"beneficiary_id": "ben_8f2ka91",
"amount": "25000.00",
"currency": "USD",
"destination_country": "CN"
}'
// → 200 OK
{
"status": "passed",
"checks": {
"account_validation": "passed",
"name_match": "passed",
"velocity": "passed",
"aml_screening": "passed"
},
"ready_to_execute": true
}FAQ
Payout protection, explained
Beneficiary verification confirms that the person or business you are paying is who they claim to be — matching names, identity data and, where supported, Tax Identification Numbers against official records before any payment is executed.
Send your next payout protected.
Every KeyBS Pay payment runs through the full protection layer — beneficiary verification, account validation and fraud detection included, on every corridor.