Access GIACT’s American data source in Trustpair

GIACT is one of many external sources integrated into the Trustpair platform. It provides our exclusive and automated account validation algorithm with US vendor data.
Leading payment fraud prevention platform mockup

What is GIACT?

GIACT, part of LSEG, is one of Trustpair’s external data source providers and the largest company-bank account correlation source for the US market. They provide a wide range of services in the fraud prevention and authentication space, with use cases such as securing vendor accounts registration, and payment transactions for natural and legal persons. Since its creation, GIACT has processed billions of transactions for more than 1,000 customers. GIACT, like the many other data sources available in Trustpair, is seamlessly integrated into the platform.

Start protecting your company from payment fraud today!

Benefits of GIACT integration in Trustpair

Largest coverage of the U.S. market:

Combine over 4 billion consumer and business records thanks to GIACT and Trustpair data (including customer data, additional checks, etc.).

Faster Account Validation Process

Validate in just a few seconds a high volume of vendors in batches, reliable account validation worldwide, and streamlined processes

Enhanced Data Accuracy

Work with reliable and secure data at all times thanks to. GIACT’s instant account information coupled with Trustpair’s continuous data monitoring

Key features of GIACT within Turstpair

Validate US Vendors Instantly

  • Mitigate the risk of fraud with an unrivaled coverage rate in the USA
  • Save time with instant validation of American vendors for both natural and legal persons
  • Validate large volumes of vendor data in batches

Maintain Up-to-date, Reliable Vendor Data

  • Ensure that your supplier database is always accurate with continuous monitoring based on GIACT data
  • Enrich vendor information with GIACT data such as bank account status checks (open accounts, closed accounts, etc.)
  • Define real-time alerts and notifications based on information delivered by GIACT

Automate Processes & Improve Team Collaboration

  • Leverage GIACT data via SFTP, API, Web App, or native connectors.
  • Set up automated continuous monitoring
  • Adjust vendor status using a role-based workflow with comments and activity history

Benefit from GIACT network

Trustpair’s collaboration with the GIACT network empowers clients to effectively manage risk and prevent vendor fraud.

Our customers leverage GIACT

Discover how finance teams successfully manage vendor fraud risk by incorporating GIACT into Trustpair’s innovative platform.

"Trustpair gives us more reliability and peace of mind. The financial director is more serene when it comes to approving the transfer order."

Sade Telecom - Témoignage - Trustpair (1)
Malika Benfares

"With Trustpair’s verification methodology, it's no longer just a consistency check but an exact confirmation of the validity of the third party: there is no longer any risk."

Decathlon - Témoignage - Trustpair (1)
Michele Bruno

"With Trustpair, we are able to automatically and quickly monitor our third parties and ensure the security of that very data over the long term."

Leaseplan - Témoignage - Trustpair (1)
Joffrey Tabouret

“I would definitely recommend Trustpair to finance departments. It makes adding and modifying beneficiaries more reliable, without resorting to manual processes that are cumbersome, time-consuming and fallible.”

Fabrice Menieur - Keys Asset Management - Temoignage Trustpair
Fabrice Meunier

“The control process is simplified with the Trustpair solution, the Finance Department is reassured and, above all, it no longer needs to waste time performing manual checks to verify a supplier's bank details.”

Fanny Harquel - Octapharma - Temoignage Trustpair
Fanny Harquel

"Trustpair adapts very well to the specifics of our market and our way of working. Several features are developed as we work together. That's a real plus."

Colin Cesena - axereal - temoignage Trustpair
Colin Cesena

"Trustpair has become more than a reflex; it has become an obligation. The team no longer validates an IBAN unless Trustpair has confirmed it to us."

etienne mechain - groupe dehon - temoignage Trustpair
Etienne Mechain

More international data sources integrated within Trustpair

In order to provide the best vendor coverage Trustpair integrates multiple international data sources.

Frequently asked questions

Want to know more? Here are the most frequently asked questions.

LSEG is one of the world’s leading providers of financial markets infrastructure and delivers financial data, analytics, news, and index products to more than 40,000 customers in 190 countries.

They help organizations fund innovation, manage risk, and secure every point in the trade lifecycle: from informing their pre-trade decisions and executing trades to raising capital, clearing, and optimization.

Backed by more than three centuries of experience, innovative technologies, and a team of 23,000 people in 70 countries, They are driving financial stability, empowering economies, and enabling you to grow sustainably.

Trustpair’s technology is accessible through various deployment way. Among them, the API allows Financial departments to benefit from the advantages of the solution directly within their current digital tools

B2B payment fraud takes many forms: CEO scams, phishing, supplier fraud, etc. To summarize, it’s all the ways fraudsters can embezzle funds from a company. Scammers are more and more innovative, often resorting to sophisticated cybercrime.

One of the most common ways is using identity theft to change banking information and have money sent to fraudulent bank accounts. Thieves can use vendors or even employees to change banking credentials.

This type of fraud is difficult to detect: that’s why it’s crucial to have an automated solution like Trustpair that checks bank account ownership.

B2B Payment fraud encompasses various tactics, each with the potential to cause significant financial losses. Some common types of B2B payment fraud include:

  • CEO Scam: Fraudsters impersonate high-level executives to request urgent payments. They usually resort to intimidation and target individuals from the treasury department.Trustpair’s solutions help verify such requests and prevent unauthorized transactions by identifying any fraudulent account.
  • Supplier Scam (Bank Detail Replacement): Criminals manipulate merchant bank details to divert payments to their accounts. Trustpair’s validation process ensures that bank account details match legitimate vendors.
  • Fake Invoice: Fraudsters send bogus invoices to deceive businesses into making payments for services or products that were never provided. To stop fraud from occurring, Trustpair’s solution helps verify invoice authenticity.
  • Email Hacking (Impersonation of Suppliers): Hackers gain control of supplier email accounts to send payment requests from seemingly legitimate sources. To safeguard businesses from this type of fraudulent activity, Trustpair’s real-time monitoring detects anomalies before payments are executed.
  • Internal Frauds: Dishonest employees manipulate internal systems to facilitate unauthorized transactions. Fraud happens when they enter their own bank details instead of merchants’ details and receive transfers. Trustpair’s comprehensive approach helps prevent such insider threats.

One of Trustpair’s key strategies in combating B2B payment fraud is integration with external international vendor data sources. These sources provide essential information to validate instantly the ownership of vendors’ bank accounts, ensuring the legitimacy of transactions. Trustpair relies on trusted external data and internal data such as client data mutualization or payment history. This enhances the accuracy and reliability of its fraud prevention efforts and ensures top-notch protection against fraud. Trustpair is the ultimate anti-fraud platform and will make fraud detection and prevention seamless.

Defend your P2P chain with a fraud prevention platform.

Join the 200+ companies globally that are fighting fraud with Trustpair.