SEPAmail Diamond is one of many external sources integrated into the Trustpair platform. It provides our exclusive and automated account validation algorithm with French vendor data.
The SEPAmail DIamond solution was developed by SEPAmail.eu. It is France’s most extensive bank account ownership verification network, covering 90% of French vendors. It consolidates data from all the major French banking groups, including Société Générale, Crédit Agricole, BNP Paribas, Groupe BPCE, Caisse des Dépôts and Banque Postale. SEPAmail, like the many other data sources available in Trustpair, is seamlessly integrated into the platform.
Get a 95% vendpr coverage rate in France by combining SEPAmail Diamond, vendor data source from the top 10 largest French banks, with additional sources, clients data mutualization and complementary checks.
Validate in just a few seconds a high volume of vendors in batches, obtain reliable account validation worldwide, and streamlined processes
Work with reliable and secure data at all times thanks to SEPAmail Diamond’s bank account information coupled with Trustpair’s continuous data monitoring
Access Sepamail’s global Account Verification in your existing P2P tools with our agile API.
Connect natively Sepamail’s global Account Verification in your systems thanks to our broad range native connectors with leading softwares.
Discover how finance teams successfully manage vendor fraud risk thanks to SEPAmail Diamond’s integration 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."
"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.
Experience Seamless Security in Action. Request Your Demo Today!
SEPAmail is a secure messaging system open to banks, originating from a coalition of major French banking groups, including Crédit Mutuel CIC, BPCE, Crédit Agricole, Société Générale, and BNP Pariba. SEPAmail ensures secure exchanges of information among banks, businesses, and individuals.
With its adaptable technology, SEPAmail spans across 400 European banks, offering a secure gateway to international financial activities. This innovative system not only digitizes traditional transaction methods but also guarantees data protection through its multi-level security approach, establishing itself as a pioneering solution for modern banking demands. SEPAmail comprises two active services: Aigue Marine and DIAMOND.653.
There are many explanations for the increase in payment fraud worldwide.
The switch of many financial institutions to digital banking is one of them. Indeed, online-banking – as well as mobile banking – and electronic payments have made it easier for fraudsters to divert funds, via cyberattacks. Although online-only operations have many advantages for corporations and banks alike, they require setting up additional security measures.
The increased sophistication of scammers is also a factor. They’re more organized, specialized and can easily infiltrate payment systems to make payments to their own banking account. That’s why it’s crucial to have multiple layers of protection: online security defenses but also anti-fraud software to block the financial effects of fraud.
In the US, the switch from check payments to electronic payment solutions is also an open door to payment fraud. Indeed, companies going paperless suddenly have a large amount of banking related data (merchant account numbers, account holders identity, etc) they have to handle to transfer funds electronically. This data needs to be managed – by a solution like Trustpair – to avoid fraudulent online payments and make sure finance teams send money to the right vendors.
B2B Payment fraud encompasses various tactics, each with the potential to cause significant financial losses. Some common types of B2B payment fraud include:
One of Trustpair’s key strategies in combating 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.
