EFTSure Connector
Payment Fraud Protection, Electronic Supplier Onboarding, and Compliance Solution
EFTSure is a service designed for CEOs and CFOs to protect against fraud and errors during payments.
In a landscape where cybercrime targeting businesses thrives on email usage, social engineering, and vulnerabilities in payment systems, ensuring accurate payee information is critical. The connector seamlessly integrates Eftsure into Microsoft Dynamics 365 Business Central to validate EFT payments before issuing them to your bank.
Why EFTSure?
Banks typically do not verify that payee names correspond with BSB and account numbers. This leaves organisations vulnerable to fraud and errors when payment details are incorrect. For instance, authorising a $5500 payment to "ABC Traders PTY LTD" but with mismatched BSB and account numbers can result in funds being directed to the wrong account despite the correct name appearing in your online banking.
EFTSure mitigates such risks by enabling forward-thinking companies to maintain secure payment systems in the digital age.
Key Features
The EFTSure solution offers a straightforward, powerful end-to-end flow:
- Vendor Invitation: Send an invitation directly from Microsoft Dynamics 365 Business Central to the vendor.
- Information Submission: The vendor receives the invitation and provides contact details and bank account information through the EFTSure portal.
- Verification: Vendor details are cross-referenced against the business social database or validated by the EFTSure verification team.
- Master File Creation: Vendors are added to your master file, eliminating unnecessary data entry and reducing employee errors.
- Payment Validation: Vendor payments are verified before posting.
Supported Editions
- Essentials and Premium Microsoft Dynamics 365 Business Central editions are fully supported.
Supported Countries
- The app is available in Australia and New Zealand.
Supported Languages
- EFTSure is available in English.