Eftsure
Eftsure provides automated verification of vendor bank details to prevent payment fraud.
- Categories
- Fraud and payment fraud prevention
- Based in
- Sydney, Australia
- Founded
- 2014
- Ownership
- Private
- Certifications
- ISO 27001
About Eftsure
Eftsure provides payment fraud prevention and verification services for business-to-business payments. It sells to enterprise finance teams, including procurement, accounts payable, treasury, and payroll departments. The company verifies payee identity, bank account ownership, and payment details before funds move, using a multi-layered approach that includes business identity verification, bank account ownership checks, network intelligence, behavioural signals, watchlist and sanctions screening, government registry data, expert human review, historical intelligence, and AI-powered detection. It continuously monitors and re-verifies payees as details change, not just at onboarding. Eftsure integrates with ERP, procurement, treasury, and payment platforms to embed verification into existing workflows. It serves over 4,000 global customers and safeguards more than A$288 billion in payments annually. Founded in Sydney in 2014, it has expanded internationally, including a launch in Singapore.
Products
- Right PayeeVerifies the identity of payees before funds are sent.
- Right AmountDetects payment amounts that do not match expectations before release.
- Continuous AssuranceRe-verifies payees whenever their details change, not only at onboarding.
- Data IntegrityCleans, verifies, and keeps payment data current.
- Segregation of DutiesEnsures viewing, approving, and releasing payments are done by different people.
- Vendor OnboardingTransforms how suppliers are onboarded, verified, and paid.