Access IBAN Check directly in Trustpair

IBAN check is one of many external sources integrated into the Trustpair platform. It provides our exclusive and automated account validation algorithm with extensive Italian vendor data. Thanks to this risk coverage, finance teams can process payment campaigns securely.

What is IBAN Check?

IBAN check is a UniCredit Open Banking solution created in partnership with the CBI (Consorzio Bancario Italiano) consortium, which regroups 100 Italian banks. UniCredit, a leading European commercial bank with over 15 million customers worldwide, is the main instigator of IBAN check.

Thanks to Trustpair and UniCredit’s partnership, IBAN check is integrated on the Trustpair platform. This collaborative effort underscores UniCredit and Trustpair commitment to delivering cutting-edge solutions for accurate and efficient vendor data verification in Italy. IBAN check, like the many other data sources available in Trustpair, is seamlessly integrated into the platform.

Benefits of IBAN Check API integration in Trustpair:

Highest coverage of the market

Leverage a 90% coverage rate in Italy by combining IBAN Check data with Trustpair’s additional sources, client data mutualization, and complementary checks.

Faster Account Validation Process

Streamline the account validation process and accelerate operations by leveraging IBAN Check’s capabilities in Trustpair.

Enhanced Data Accuracy

Work with reliable and secure data at all times thanks to IBAN Check’s information coupled with Trustpair’s continuous data monitoring.

KEY FEATURES

Key features of IBAN Check
within Trustpair

Trustpair protects your company from payment fraud.

Instant Validation for Italian Vendors

Maintain Up-to-date, Reliable Vendor Data

Automate Processes & Improve Team Collaboration

Integrate IBAN Check's datasource in your systems

Trustpair API

Access IBAN Check’s global Account Verification in your existing P2P tools with our agile API.

+20 Native Connectors

Connect natively IBAN Check’s global Account Verification in your systems thanks to our broad range native connectors with leading softwares.

TESTIMONIALS

Our customers leverage IBAN Check

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

Malika B.

Head of Treasury and Consolidation,
Mid-Market (51-1000 emp.)

Trustpair protects all the payment chain, reassures employees of their responsibility and makes the managers aware of the risks.

Fatiha B.

AP Manager,
Mid-Market (51-1000 emp.)

An easy-to-use tool, international scope on controls, speed, reliability. A team attentive to clients, responsive and creative.

Fabrice M.

Administrative and Financial Manager,
Mid-Market (51-1000 emp.)

It is the simplest, most effective way to stop wire fraud before it happens.

AJ A.

Master Data Manager,
Enterprise(> 1000 emp.)

Flawless security, Great Automation and Support.

Paweł S.

Master Data Manager,
Enterprise(> 1000 emp.)

Essential Fraud Prevention Tool with Exceptional Support and Global Reach.

Claire S.

Supplier Risk and Compliance Analyst

Ease of use, implementation, features and customer support.

Christian V.

Treasury Manager,
Enterprise(> 1000 emp.)

The Trustpair solution secures financial transfers, with ease of use and proven efficiency.

Patricia Y.

Director, Global Procurement,
Enterprise(> 1000 emp.)

Trustpair effectively validates bank account ownership for vendors requesting bank changes, which aids in fraud prevention. I also appreciate the coverage that Trustpair provides.

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.

What is Trustpair ?

Trustpair is a leading fraud prevention platform. We help 200+ clients smoothen their processes and reduce fraud, for more peace of mind. We fight B2B payment fraud by automating account ownership checks worldwide, throughout your whole P2P process.

Our solution offers direct integration to your existing technical ecosystem (SAP connector, API, etc.) as well as intuitive dashboards and real-time warnings in case of fraud attempts.

What is Unicredit ?

UniCredit, a pan-European commercial bank comprising 13 banks, excels across 18 countries including Italy, Germany, Central, and Eastern Europe, with a strength of 81,000 employees. With over 15 million customers worldwide UniCredit offering includes corporate solutions—transactions, payments, customer risk management, specialized lending, advisory, and capital markets—alongside individual services like life insurance, protection, funds, portfolio management, brokerage, and asset custody.

Why is the Consorzio Bancario Italiano ?

The Consorzio Bancario Italiano (CBI) is an Italian banking consortium established in 1992 to promote cooperation and coordination among its member banks. The CBI aims to improve the efficiency and competitiveness of the Italian banking system, as well as to protect the interests of its member banks and their customers. The consortium is made up of 15 major Italian banks and 100 financial institutions and has a significant presence in the country’s financial sector.

What are the different types of Payment Fraud

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.

How can you prevent fraud in your company ?

Online-banking, instant money-transfer and the rise in electronic payment have all led to a significant increase in fraudulent transactions. There are several prevention measures you can set up to fight fraud:

Implement regular awareness trainings to make sure your staff can easily identify fraud attempts. This shouldn’t concern only treasury teams but all employees.
Set up internal control policies like the segregation of duties: domestic or international money transfers can’t be handled by only one person but tasks should be divided between employees. One can check account information like the Iban number or the swift codes, another can actually process the fund transfer.
Use automation with an international account validation platform like Trustpair. You can process international wire transfers with peace of mind and have the confidence you’re transferring money to the right vendors.