Eftsure has announced the introduction of its international payment verification service to serve customers in Europe, the United States, Canada, India, Japan, and South Korea.

To reduce international payment risks, Eftsure plans to integrate a sophisticated, multi-step verification system into every step of an organization’s payment process.

As part of this initiative, Eftsure will collaborate with several institutions, such as the US-based clearing house Nacha and BNP Paribas in Europe, to enhance security measures for customers and clients when dealing with overseas vendors and merchants.

Eftsure’s International Verification Service Launch Details

International payments often pose multiple vulnerabilities that domestic fraud prevention systems fail to address. The Federal Bureau of Investigation (FBI) Internet Crime Complaint Center reports a significant increase in cyber-enabled fraud cases, reaching $16.6 billion in 2024, with phishing and spoofing among the top complaints.

In Eftsure’s survey of finance professionals, one-third expressed uncertainty about where to report fraud incidents, indicating that many losses go unreported. Additionally, the proliferation of AI tools increases the risk of payment redirection and fake invoice scams due to their low-risk, high-reward nature. These crimes can grow into well-organized enterprises, particularly in developing regions.

As a response, Eftsure has launched a service designed to mitigate these risks and protect customers from fraudulent activities. The company will also strive to meet the evolving needs of its clients while ensuring compliance with local regulatory requirements.