Eftsure is a leader in fraud detection and payment protection.

Our pioneering fraud-tech solution brings financial controls into the digital age and helps organizations of all sizes mitigate the risk of processing irretrievable payments to scammers.

Our global multi-factor verification platform boasts over 6 million verified businesses. This enables you to verify banking details in real time before processing payments to your suppliers. This helps mitigate the risk of human error and prevents modern cyber fraud tactics such as social engineering, phishing and fake invoicing from impacting you financially.

In a business landscape where instances of digital fraud are rising exponentially, Eftsure  enhances your payments controls and provide you additional peace of mind.

Digital transformation is changing how we do business, but it also brings new challenges, especially the  rise in digital fraud. Organizations face unprecedented threats from offshore criminal syndicates aiming to defraud them through hacking and deception.

The risk is highest with payments because banks don't verify the payee’s account name with the EIN or account number. This gap allows criminals to exploit organizations through methods like Business Email Compromise (BEC), Vendor Email Compromise (VEC), hacking ERP systems, and tampering with vendor master files and ACH files used for online banking.

Accounts Payable teams often lack the capacity and training to detect such fraud, and ERP and accounting software can only match new data to existing data, not against an independent source.

Modern cybercrime and fraud uses identity theft and social engineering (manipulation) to impersonate trading partners and vendors. Vulnerabilities in supplier or partner organisations become your problem, too, by allowing fraudsters to get into their system and deceive you using legitimate email accounts and documentations.

These impersonations make use of legitimate email accounts and are extremely hard to detect. Further, fraudsters constantly adapt their tactics to circumvent most payment controls and AP measures.

A single factor of verification (be it your own records or a call-back control) is insufficient in such an environment. That’s why we’ve developed an approach that’s fit for a digitally connected world: multi-factor verification.