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Enhance Payment Security with Eftsure – Your Trusted Fraud Prevention Solution
Eftsure, Australia’s premier payment fraud prevention software, is dedicated to safeguarding businesses against fraudulent activities in financial transactions. Designed specifically...
Enhance Payment Security with Eftsure – Your Trusted Fraud Prevention Solution
Eftsure, Australia’s premier payment fraud prevention software, is dedicated to safeguarding businesses against fraudulent activities in financial transactions. Designed specifically for organizations of all sizes, this cloud-based platform ensures accuracy, transparency, and enhanced control over payment processes, effectively securing over $120 billion in annual B2B payments. By leveraging a proprietary database of more than 3.5 million verified suppliers, Eftsure provides an unparalleled layer of security and compliance across supplier onboarding, invoice processing, and payments.
Why Use Eftsure?
Eftsure stands out in the fraud detection category by offering:
- Advanced Payment Security: Through multi-factor verification, Eftsure ensures that payments are directed to the correct suppliers, eliminating risks associated with fraudulent transactions or human error.
- Comprehensive Supplier Database: Businesses gain access to a robust, constantly updated database of validated supplier details, creating a reliable framework for managing financial transactions.
- Streamlined Onboarding: The platform simplifies supplier onboarding with user-friendly tools and customizable forms, ensuring thorough validation and compliance with regulatory requirements.
- Bank Account Verification: Eftsure verifies supplier bank account details, providing confidence and peace of mind during payment processes.
- Integration with Existing Systems: Compatible with popular accounting platforms and ERP systems, Eftsure fits seamlessly into existing workflows without disrupting operations.
Who is Eftsure For?
Eftsure is ideal for:
- Accounts Payable Teams: Professionals in charge of supplier payments can rely on Eftsure to prevent fraud and manage supplier information effortlessly.
- Organizations Handling Large Transactions: Businesses managing significant financial operations benefit from the additional security and verification controls provided by Eftsure.
- Finance & Risk Managers: Managers responsible for fraud prevention and compliance can leverage Eftsure to align payment processes with internal risk management protocols.
- Business Leaders: Decision-makers aiming to safeguard their organizations from financial fraud and ensure a streamlined payment system find Eftsure a valuable asset.
In conclusion, Eftsure revolutionizes the way businesses manage payments and mitigate risks, combining cutting-edge fraud detection tools with an expansive supplier verification database. Whether you’re a small organization or a larger enterprise, Eftsure empowers you with tools to enhance financial security, improve compliance, and foster trust within your payment ecosystem.
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Steps to Cancel eftsure Subscription
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To cancel an EFT payment, use the following steps:
- Access the payment details window.
- Click the Void button within a 3-hour window.
- If the Void button is not visible, the payment cannot be canceled.
This process is typically managed through the payment management system, such as Buildium or similar platforms.
Most frequent question about eftsure
eftsure is a leader in payment fraud prevention, providing an end-to-end B2B payment protection software to mitigate the risk of payment error, fraud, and cybercrime. It safeguards business payments by matching business names with bank account numbers and automating the verification process of vendor payee information.
eftsure protects payments through real-time cross-verification of vendor data, vendor onboarding and management, and real-time alerts for inaccuracies in vendor data. It also cleans existing vendor data, reducing anomalies and saving time for accounts payable teams.
The eftsure platform offers features such as customisable digital supplier onboarding forms, user roles and permissions, segregation of duty, audit logs, and integration with major banks without changing existing ERP workflows.
eftsure ensures compliance and security by providing audit logs that record every event, including payment reviews and supplier onboarding. The platform is regularly audited and independently tested by external security experts, and it helps organizations meet growing regulatory and compliance obligations.
Implementing and training on the eftsure platform typically takes a few hours to train the team and a few days to sync supplier data with eftsure’s database.
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