A named IBAN (International Bank Account Number) is a payment account that bears the official business name of the account holder, rather than the name of a payment intermediary. Named IBANs eliminate verification delays because incoming payments are immediately and unambiguously attributable to the correct client. Fipto provides fully segregated named IBANs in both EUR and USD to its clients, ensuring that businesses receive fiat payments with their corporate identity on every transaction — a significant advantage over shared or virtual IBANs that may cause reconciliation friction.
