Zone embeds Eftsure bank verification in ZoneProcure to curb payment fraud
New CapabilitiesThe integration checks vendor bank details against Eftsure's payment data before money moves, replacing slower manual checks.
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Overview
Updated 59 minutes agoZone & Co is embedding Eftsure's bank account verification into ZoneProcure, its procure-to-pay product. The integration, announced September 10, 2026, lets finance teams check vendor bank details against Eftsure's payment data before approving them, flagging potential fraud earlier in the process.
The change targets a measurable problem. The Association for Financial Professionals found 76% of US organizations faced attempted or actual payment fraud in 2025. Many accounts payable teams still verify vendor bank details by phone, a slow process that can miss warning signs until money reaches a fraudulent account.
Why it matters
Automated bank verification before money moves could replace manual phone checks, shrinking the window for costly B2B payment fraud.
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Organizations Involved
Zone & Co builds financial operations software that runs inside enterprise resource planning systems like Oracle NetSuite.
Eftsure verifies bank account details and vendor information before B2B payments move, protecting against fraud and payment errors.
Timeline
November 2025 September 2026
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Zone partners with Eftsure for payment assurance
Today PartnershipZone announced Eftsure's bank verification engine would be integrated into ZoneProcure to check vendor details before payments.
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Zone acquires Sudozi for procurement
AcquisitionZone acquired Sudozi, expanding into AI-powered procurement and vendor management.
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Zone launches global payments product
Product launchZone launched Zone AP Payments with TransferMate for domestic and international B2B payments.
Historical Context
3 moments from history that rhyme with this story — and how they unfolded.
Bangladesh Bank heist (2016)
Hackers sent fraudulent SWIFT payment instructions to the Federal Reserve Bank of New York, moving $81 million from Bangladesh's central bank into accounts in the Philippines and Sri Lanka. Most of the money was never recovered.
The theft triggered a review of payment verification practices at central banks and correspondent banks worldwide.
It pushed financial institutions to adopt stronger monitoring of payment instructions and beneficiary account verification before funds move.
Demonstrates the cost when fraudulent payments travel through trusted systems, the same risk ZoneProcure's Eftsure integration targets for B2B payments.
Credit card real-time authorization (1980s-2000s)
Merchants once submitted paper card transactions and fraud was caught after the fact. Real-time authorization systems let banks approve or decline transactions in seconds at the point of sale, catching fraud before money changed hands.
Fraud losses per dollar of transaction volume fell sharply as real-time screening became standard.
Real-time verification became the default for consumer payments, and consumers stopped thinking about fraud checks as a separate step.
B2B payments are following the same trajectory, moving from manual post-hoc checks to automated verification before money moves.
Automated KYC in banking (2000s-2010s)
Banks shifted from manual review of paper identity documents to automated identity verification for new customer onboarding. Digital checks cut onboarding from weeks to minutes and made fraud screening consistent.
Customer verification became faster and more standardized across the banking industry.
Automated verification spread into adjacent workflows, including vendor and payment management.
Vendor bank verification in procurement is part of the same automation trend, replacing phone calls with data-driven validation.
