Basware Has Acquired Fraud Prevention Firm Trustpair
The acquisition aims to strengthen payment security by verifying supplier identities and bank account ownership.
Updated on Oct. 5, 2026 in Cybersecurity
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Basware has acquired Trustpair to bolster payment protection against sophisticated fraud. Trustpair will continue its independent operations, supporting its existing platform and integrations across various financial systems.
Why it matters
Payment fraud increasingly focuses on compromising supplier identities and bank details rather than traditional invoices. This deal combines Basware's invoice authentication with Trustpair's ability to verify account ownership before funds are released.
Trustpair maintains its existing platform and support for ERP, treasury, and procure-to-pay integrations. The service remains compatible with both Basware and non-Basware finance environments.
The players
Basware
Basware is a global provider of cloud-based procurement and accounts payable automation solutions.
Trustpair
Trustpair is a cybersecurity company that offers a platform for validating supplier identities and bank account ownership to prevent payment fraud.
The details
Trustpair will continue to operate as an independent entity, maintaining its own platform, customer contracts, and support services. The combination allows organizations to layer Basware's invoice authenticity checks with Trustpair's verification of bank details to prevent payment diversion.
Timeline
Research on business payment fraud was conducted in July 2026.
Basware announced the acquisition of Trustpair on October 5, 2026.
The Tech Race
This deal reflects a broader push to modernize business-to-business payment security by replacing manual verification with automated, data-driven identity checks. It pits the combined entity against a fragmented market of specialized security vendors and traditional ERP payment tools.
Business finance teams using these platforms will gain integrated tools to stop fraudulent payments before they are authorized. Users can expect continued support for their current ERP and payment setups while benefiting from enhanced identity validation protocols.
The takeaway
Businesses should review their payment workflows to ensure verification occurs before funds leave the treasury. Relying on automated identity checks is increasingly essential as fraud tactics shift away from simple invoice tampering.
Further reading
For more information on the evolving threat landscape in corporate payments, visit the Cybersecurity section.
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Do you trust that your financial service providers are effectively protecting your payments from fraud?
