Form3, a secure cloud-native account-to-account global payments platform, has announced the successful delivery of a fully compliant Verification of Payee solution for Mollie, a leading European payments service provider, enabling the company to meet European regulatory requirements while strengthening protection for customers against misdirected payments and authorised push payment fraud.
The partnership sees Mollie adopt Form3’s Verification of Payee capability to comply with EU mandates within a limited regulatory timeframe. By using Form3’s platform, Mollie was able to achieve immediate compliance without sacrificing its longer-term ambitions around scalabiliy.
Form3’s Verification of Payee solution is built on the same cloud-native infrastructure that underpins high-volume payment flows across Europe and the UK. Designed specifically for scale and resilience, the platform allows payment service providers to meet regulatory obligations efficiently while remaining prepared to extend services in line with future requirements.
Beyond Verification of Payee, Form3’s platform supports broader operational resilience objectives across the EU, including alignment with the Digital Operational Resilience Act.
Mollie becomes the latest organisation to join Form3’s expanding client base, which includes FinTechs such as Klarna, GoCardless and SumUp, alongside Tier 1 banks including Barclays, JP Morgan and Lloyds.
Mike Walters, CEO at Form3 said, “Verification of Payee is a critical step in preventing payments fraud and protecting end customers. We’re pleased to partner with Mollie to deliver a compliant, scalable VoP capability built for high-volume payment environments. Our onboarding approach and cloud-native platform helped Mollie implement quickly while staying ready for what comes next.”
“As regulatory demands continue to evolve, banks and fintechs are looking for payments infrastructure that is not only compliant but is agile, adaptable and of course scalable. Form3’s API continually updates, so that our partners are automatically compliant with any new regulation. This compliance by design coupled with our deep technical knowledge and broad market experience makes us an attractive partner for fintechs and Tier 1 banks alike.”
Felix Würtenberger, VP of Product at Mollie said, “Meeting the EU’s Verification of Payee mandate is a key compliance priority for Mollie as we are committed to protecting our merchants with the highest standards of payment security. To implement the required technical solution, we selected Form3’s platform, ensuring we are compliant and can continue to provide a secure and reliable service for our customers.”
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