Fraud Prevention
Stop Fraud Before It Hits Your Business
79% of organizations were targeted by payment-fraud attacks or attempts in 2024.
Payment fraud isn’t just a finance problem. It’s a business risk.
TYS Essentials verifies supplier information to stop fraud before payments go out.
Manual Processes Put You at Risk
Callbacks, outdated bank data, and email approvals leave the door open to fraud and audit risk.
KEY RISKS YOU FACE TODAY
1. Fake Supplier Details Slip Through
Banking data changes aren’t always verified.
2. Impersonation Attacks Are Rising
Fraudsters mimic suppliers to reroute payments.
3. Manual Bank Verifications Are Too Slow
Callbacks and forms don’t scale or protect you.
4. Compliance Gaps Grow
Missing or invalid tax forms create audit risk.
5. No Global View of Risk
Fragmented validation tools limit fraud visibility.
How TYS Essentials Prevents Fraud
Bank Account Validation
Verify supplier banking details before releasing payment to avoid fraud and misdirected funds.
Tax Document Compliance
Collect and validate tax forms automatically to meet financial and regulatory requirements.
Global Verification Coverage
Support suppliers in multiple jurisdictions with regionally compliant validation tools.
Real-Time Alerts
Get notified when supplier information changes, helping you respond before fraud occurs.
KEY BENEFITS
What you gain with TYS Essentials
Stop Fraud Before It Starts
Bank and tax checks happen early and automatically.
Faster, Safer Onboarding
Fewer manual reviews and no skipped steps.
Rapid Deployment, Predictable Costs
Go live in weeks, starting at $25K/year.
Audit-Ready Compliance
Track all verifications and document history for regulators and auditors.
Global Coverage, Local Compliance
Support suppliers in multiple jurisdictions with regionally compliant validation.
WHITEPAPER
Stop Supplier Fraud Before It Starts
Our free whitepaper shows how modern teams are protecting supplier payments with layered validation strategies that actually work.
In this whitepaper, you’ll learn how to:
- Replace manual bank validation with secure, automated validation
- Detect ownership changes, transactional red flags, and more
- Embed fraud prevention at the start of the supplier relationship
- Build a trusted framework without overhauling your system