IDPAY AT HOUSE FINANCE COMMITTEE HEARING, US CONGRESS, JUNE 8, 2017
IDPay’s President, Scott Dueweke on Capitol Hill at the House Finance Committee, Questions and Answers: CLICK HERE TO WATCH VIDEO
IDPAY AND YOU
The Identity and Payments Association (IDPAY) is an international Not-For-Profit association of companies and governments interested in improving the quality and dependability of physical and digital identity for the financial services industry.
Financial Institutions and Service Providers are part of the first line of defense for Anti-Money Laundering and Counter-Financing of Terrorism (CFT) efforts. To be effective, they must start with a foundation built on trusted identities. IDPAY believes a Public/Private partnership developing and implementing an industry Trust Framework will reduce risk, friction, cost and support better services to consumers.
IDPAY brings together financial services and governments from around the world to normalize and agree upon the core principals of trusted identity through the IDPAY Trust Framework.
— Banks Card Associations
— Non-Bank Financial Institutions (NBFIs)
— Remittance Service Providers (RSPs)
— Payment Service Providers (PSPs)
— Money Services Businesses (MSBs)
— Payment Institutions (PIs)
— Virtual Currency Firms
— Mobile Money Network Operators (MMNOs)
The growing remittance and alternative payments industries represent the movement of over $4 Trillion dollars per year. Yet it is challenged with Know Your Customer (KYC) and agent identity regulations. This challenge is exacerbated as we move into a digital identity world.
To join the Identity and Payments Association, please request an application package today. Membership is open to international companies, consultancies, banks, FinTech, and professionals.