Contents
- Bringing verification into the payment flow
- A consistent verification standard across markets
Learn how Lightspark integrated Prometeo to verify bank accounts and payout beneficiaries in Mexico, addressing a previously manual process.
Lightspark is a U.S.-based company building infrastructure for the Bitcoin Lightning Network to enable fast, low-cost global payments. For a company connecting multiple markets, checking the destination bank account and identifying the beneficiary is part of the work that needs to happen before a payout is completed.
Lightspark already had beneficiary verification in place across most of the Latin American markets where it operated. Mexico represented a significant gap: the company needed to confirm destination account status and identify payout beneficiaries, but was handling the process manually.
Bringing verification into the payment flow
The challenge was to establish a capability in Mexico that Lightspark already used in other markets, as part of its compliance and fraud prevention processes.
With Prometeo, Lightspark integrated bank account status checks and beneficiary identification into its payout flow in Mexico.
The integration brought a previously manual task into the payment workflow and completed the verification coverage the company needed in the country.
As the Lightspark leadership team explains:
“Implementing beneficiary verification in Mexico was a key priority for us. Prometeo solved this by enabling us to verify account status and payout beneficiaries without adding complexity to our compliance processes.”
A consistent verification standard across markets
By integrating Prometeo, Lightspark closed its coverage gap in Mexico and brought verification in the country in line with the standard it already applied elsewhere in the region.
The case illustrates the importance of local capabilities within a global payments operation: before completing a payout, a company needs a way to verify the destination account and beneficiary in the relevant market.
Looking to integrate account and beneficiary verification into your payment operations? Schedule a call with the Prometeo team to explore how we can help.
