Dun & Bradstreet provides business information to identify suppliers and assess risks. Trustpair supplements this with bank account verification, aimed at preventing payment fraud.
Company information helps you determine which company you are doing business with. However, a payment can still be redirected to a fraudulent account—for example, through impersonation or a request to change your bank information. That is why it is also important to verify bank information.
This combination provides insight into the company along with verification of bank information. This enables organizations to better assess suppliers and manage payment risks. The exact application depends on the available solutions and how the processes are structured.
Reliable business information helps enrich supplier data and provide greater insight into risks. Verification of bank information complements this with checks designed to ensure secure payments.
Company and bank information may change during the supplier relationship. By continuously monitoring relevant changes and risks, organizations can identify them sooner and determine when additional verification is needed. The options available depend on the chosen solutions and configuration.
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