Take Control With Fraud Prevention Software

Clear out vendor fraud with Trustpair, our best-in-breed fraud prevention software that provides automated global account validation.

Why Is Using Fraud Prevention Software Critical?

of businesses targeted in 2023
80 %
of victims lost more than $1M
20 %
of businesses only use anti-fraud solutions
10 %

Confidently validate vendor bank accounts worldwide


Calls, emails, data searches: vendor account verifications handled by financial teams aren’t enough to prevent payment fraud. Manual, time-consuming, and prone to errors, one vendor account verification takes over 30 minutes on average. With our fraud prevention and detection software:

Boost team efficiency through automation

Integrated fraud prevention software for more security

What are the most common types of payment fraud?

How does Trustpair make a difference?

Why Choose Trustpair For Fraud Prevention?

Automate Safely

Our software automates account validation, reducing time-consuming and manual processes, prone to human errors and fraud. Your teams will gain time and peace of mind.

Gain Efficiency

We offer flexible integration modes and can easily connect to your existing systems, designing an easy-to use solution suited to your specific business

Control Globally

Confidently validate vendor bank accounts globally and validate their legitimacy across 190 countries thanks to the largest banking data sources network.

Your fortress against vendor fraud

Experience Seamless Security in Action. Request Your Demo Today !

FAQ

Frequently asked questions

Browse through our different sections and find the answer to your question.

Fraud detection software works by verifying the accounts of your suppliers throughout the entire payment chain. By working in real-time, it has the ability to stop fraudulent transactions as they are attempted.


Here are some of the most important features of fraud detection software so that you can understand and assess which option is best for you:

  • Real-time monitoring
  • Machine learning algorithms
  • Multi-factor authentication
  • User-friendly interface
  • Geographical account coverage
  • Customizable alert settings
  • Integration with other systems
  • Customer support

Anti-fraud systems like Trustpair employ advanced technology to protect businesses from financial risks.

These solutions use data analytics and access to banking data sources to monitor transactions and detect suspicious patterns in real-time. By leveraging machine learning algorithms, they can identify anomalies that may indicate fraudulent activities.

The systems often incorporate identity verification tools to ensure the legitimacy of customers and vendors. They analyze vast amounts of transaction data, applying complex rules and risk management protocols to flag potential threats.

Many anti-fraud solutions offer real-time monitoring of payment and data activities, providing instant alerts when unusual patterns emerge. These tools help with vendor verification, protecting companies from Business Email Compromise (BEC), vendor fraud and other sophisticated scams.

Additionally, anti-fraud systems like Trustpair often integrate with existing financial management software, offering seamless protection across various business processes.

By automating many verification and analysis tasks, these solutions significantly enhance a company’s ability to prevent, detect, and respond to fraud attempts, safeguarding both finances and reputation.

Fraud prevention controls encompass a range of tools and strategies designed to protect businesses from financial risks:

  • One key example is automated vendor verification systems – like Trustpair, which use access to banking data sources to validate supplier identities and bank details in real-time. These solutions can detect unusual patterns in transactions, flagging potential fraudulent activities for further investigation.
  • Some businesses also use specialized software for expense management, reducing the risk of internal fraud.
  • Another crucial control is multi-factor authentication for financial transactions, that improves identity verification and reduces the risk of unauthorized access.
  • Many companies implement segregation of duties, ensuring that no single employee has control over an entire financial process. This is an effective type of internal control.
  • Regular audits and reconciliations are also essential controls, helping to identify discrepancies early.
  • Employee training programs raise awareness about fraud risks and teach staff to recognize red flags.
  • Robust cybersecurity measures, including firewalls and encryption, protect sensitive financial data from external threats.
  • Finally, implementing strict approval workflows for high-value transactions adds an extra layer of protection against fraudulent payments or transfers.

Leveraging data effectively is crucial in fraud detection and prevention. Advanced analytics solutions can process vast amounts of transaction data to identify suspicious patterns and anomalies.

These technologies often employ machine learning algorithms that continuously adapt to new fraud schemes, improving detection accuracy over time. By analyzing user behavior and transaction history, these systems can establish baseline patterns and flag deviations that may indicate fraudulent activity.

Trustpair’s solution ensures 100% reliable account validation by combining banking data, smart algorithms, and human expertise. This approach allows businesses to verify vendor legitimacy across 200 countries, accessing comprehensive bank account databases.

Real-time monitoring and regular updates help maintain data accuracy, crucial for ongoing fraud prevention. Additionally, identity verification processes can be enhanced by cross-referencing multiple data sources.

Compliance rules can be built into these systems, automatically flagging transactions that violate predefined parameters. By integrating these data-driven solutions into their financial processes, businesses can significantly reduce fraud risk while building trusted relationships with customers and vendors.

Accounting fraud detection software is a specialized technology solution designed to safeguard businesses against financial risks and fraudulent activities within their accounting systems.

This type of software uses advanced analytics to continuously monitor transactions, financial data, and user behavior, identifying suspicious patterns that may indicate fraud.

It typically employs machine learning algorithms to adapt to new fraud schemes, enhancing its detection capabilities over time.

These tools can analyze vast amounts of data from various sources, including general ledgers, bank statements, and expense reports, to spot anomalies or irregularities.

Many solutions offer real-time monitoring, alerting management to potential issues as they occur. Features often include automated reconciliation processes, identity verification for high-risk transactions, and customizable rule sets to align with company policies and compliance requirements.

Some accounting fraud detection software, like Trustpair, specializes in vendor payment validation, ensuring the legitimacy of payees across global databases. By integrating with existing financial systems, these solutions provide a seamless layer of protection, helping businesses maintain the integrity of their financial records and prevent losses due to fraud. Contrary to some competitors such as NsKnox, the fraud protection software built by Trustpair offers the largest integration capabilities and the largest geographic coverage on the market.

TESTIMONIALS

Voices of trust

Explore how our solutions have empowered businesses like yours 
to fortify against fraud and build a resilient financial ecosystem.
malika befares
Malika Benfares
Head of Treasury and Consolidation
sade-telecom-logo

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

Michele Bruno
Michele Bruno
CFO and Treasurer
decathlon-logo

"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."

Joffrey Tabouret
Joffrey Tabouret
Head of Treasury and Financing
leaseplan-logo

"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."

Fabrice meunier
Fabrice Meunier
Administrative and Financial Manager
keys-logo

“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.”

Fanny Harquel
Fanny Harquel
Accountability Manager
octopharma-logo

“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.”

Colin Cesena
Colin Cesena
Middle Office Treasury Manager
axereal-logo

"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."

Mechain Etienne
Etienne Mechain
Financial Manager
groupe-dehon-logo

"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."

mauro portela
Mauro Portela
GBS - Managing Director Global MDM Operations
danone

Thanks to Trustpair, we’ve made a significant shift in our security processes and filled the gaps we needed to fill. Trustpair has proved to be a committed and trustful partner and we’ve appreciated the support and transparency.

Monika Razny
Monika Razny
Treasury and Corporate Finance Manager
edf renewables

We’ve gone from manual and time-consuming fraud controls to automated bank account validation done directly in SAP. The workload has been drastically reduced and payment security is now guaranteed.

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