Under the SEPA initiative, which becomes mandatory in February 2014, the 17 Eurozone countries, as well as 15 other countries, have adopted a standard by which ACH and DD payments can be made.
Tipalti, which also works with US paid search management business Trada, helps its customers comply with tax and government Anti Money Laundering (AML) regulations by automatically collecting tax forms from each payee and scanning each payment against a government issued blacklists.
Tipaltis Software as a Service (SaaS) allows crowdsourcing, crowd-funding and advertising networks to streamline payments to developers, contributors, publishers and affiliates. Tipalti supports a number of payment methods per country and disburses payments in local currencies.
In recent news, Tipalti and Article One Partners, a patent research community, have teamed up to expand payment method and currency options and streamline the companys international payment process.
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