MassPay Adds Automated Verification Tools to Global Payout Platform

The new verification layer functions at the point of submission, checking recipient details against financial institution records before any funds are moved. This proactive approach targets the primary causes of transaction reversals: misdirected payments and human error. By automatically confirming that account ownership and address data align with banking records, the platform seeks to reduce the financial exposure businesses face when managing complex international payment flows.

Ran Grushkowsky, CEO of MassPay, framed the update as a move to reduce hidden costs, noting that the firm is absorbing the expense of these verification tools rather than passing them to clients through additional fees. The service is available immediately for existing users, who can now rely on these automated checks to ensure funds reach the intended destination without the need for manual reconciliation or post-transaction dispute resolution.