As vendor lists grow and vendor data changes daily, Trustpair validates vendor bank accounts across 190+ countries and automates verification steps. Manage fraud risk at scale and streamline AP processes.
Retailers work with huge vendor networks and evolving vendor data, making manual verification vulnerable and exposure to retail fraud increasing.
AP teams lose time chasing information and resolving discrepancies. Automation reduces effort and helps prevent unnecessary financial losses.
Siloed, outdated workflows create blind spots in vendor control. Retailers need real-time oversight on their vendors to stay ahead and strengthen fraud prevention.
With thin margins and rising operational costs, retailers can’t afford payment fraud slipping through vendor channels. Fraud schemes like impersonation, altered bank details, or falsified invoices are hitting harder than ever. Fraudsters are planting fake vendors or diverting payments. The consequences:
As fraud schemes evolve, traditional processes simply can’t react fast enough.
Mitigating vendor fraud requires more than reactive controls. With large supplier ecosystems, fast replenishment cycles, and rising retail fraud exposure, retailers need a risk management approach built for scale. Trustpair strengthens your defenses with:
Proactively reduce risk before it impacts your business.
Manual supplier bank account checks carried out by finance teams in retail businesses are slow, inconsistent, and exposed to fraud especially as vendor lists grow and change rapidly. With Trustpair:
Trust keeps retail running, and vendor data underpins that trust. One mistake in supplier banking details can delay replenishment or disrupt retail operations.
Real-time monitoring and fraud prevention bring visibility to your vendor ecosystem. When your data is clean and verified, teams move faster and with confidence.
Protecting payments is about more than security. It’s about ensuring business continuity.
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Retailers detect retail fraud by monitoring suspicious activity, validating customer accounts, and using tools that flag fraudulent transactions in real time.
Techniques include reviewing return patterns, checking address verification service results, and analyzing suspicious patterns with data analytics. These steps help retail businesses identify deceptive practices before they cause significant financial losses.
Fraud affects companies in various forms, including return fraud, gift card fraud, employee theft, internal fraud, credit card fraud, and schemes involving stolen merchandise or unauthorized purchases.
In retail environments, criminals may switch price tags, conceal items, or return stolen merchandise to obtain a lower price or illegitimate refund. These fraudulent activities can damage brand reputation and increase operational costs.
Vendor risk management helps retailers assess suppliers that support retail operations. It involves reviewing vendor reliability, verifying customer data handling practices, and ensuring partners do not introduce fraud risk or security vulnerabilities.
Effective risk management strengthens a business’s financial health, protects consumer trust, and helps retailers stay ahead of emerging threats.
Retailers can combat retail fraud by adopting robust security measures, validating supplier information, applying stringent return policies, and monitoring transactions across both in-store and e-commerce platforms.
Using fraud detection tools helps identify suspicious patterns quickly, while regular audits and clear refund policies reduce exposure to fraudulent returns and stolen goods.
"Trustpair gives us more reliability and peace of mind. The financial director is more serene when it comes to approving the transfer order."
"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."
"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."
“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.”
“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.”
"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."
"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."
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.
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.
