Prove Know Your Payee

Prove’s Know Your Payee is a real-time identity verification solution designed to confirm that a payment recipient is legitimate before funds are sent. By validating the identity behind account details such as a phone number or payment credential, it helps financial institutions, fintechs, and enterprises reduce fraud, prevent misdirected payments, and increase confidence in digital transactions. This is particularly valuable in an environment where scams like authorized push payment (APP) fraud and social engineering are on the rise, and where traditional account validation methods alone are no longer sufficient.

The solution leverages Prove’s phone-centric identity network, which combines telecom, device, and behavioral signals to establish a high-confidence link between an individual and their payment credentials. By analyzing these signals in real time, Know Your Payee can determine whether the recipient matches the expected identity, flag anomalies, and provide actionable risk insights before a transaction is completed. This approach enables organizations to move beyond static account verification toward dynamic, identity-based decisioning that works across multiple payment rails, including ACH, cards, and real-time payments.

In addition to fraud prevention, Know Your Payee enhances the user experience by introducing greater transparency and trust into the payment process. End users can have more confidence that they are sending money to the correct person or business, while organizations benefit from reduced losses, fewer disputes, and stronger compliance with evolving regulatory expectations. The result is a more secure and seamless payment ecosystem, where identity assurance is embedded directly into the transaction flow rather than treated as a separate step.