Eftsure

Eftsure is a platform that verifies payee details and prevents erroneous or fraudulent B2B transfers and related payment claims. The company has offices in Sydney, Australia and the United States, and was founded in 2014.

Products The set includes Real-time Payee Bank Account Verification, Continuous Vendor Monitoring and a Payment Guarantee. The company states that it prevents disputes and irrecoverable losses caused by invoice substitution, known as BEC fraud.

Clients and coverage Target customers are B2B enterprises, marketplaces, PSPs and accounting teams. Stated geography is Australia, New Zealand and the United States.

Pricing Eftsure is sold as a SaaS subscription. Plan prices are not published.

Who it suits Finance and accounts-payable teams that pay many suppliers and want to check bank details against a trusted source before a transfer is released, and payment providers that wish to reduce losses from redirected payments. It addresses payee verification, not card chargebacks in the retail sense.