Key takeaway: Finance teams should expect invoice management platforms to increasingly bundle supplier bank account verification directly into existing approval workflows, closing the window fraudsters exploit between invoice approval and payment release rather than leaving it to a separate, after-the-fact check.
Invoice lifecycle management platform Basware has completed its acquisition of Trustpair, a payment fraud prevention company that verifies supplier bank accounts. The acquisition agreement was first announced last August 2026.
The deal links two separate layers of financial assurance. Basware’s existing platform establishes whether an invoice itself is authentic, accurate, compliant and properly approved. Trustpair adds payment assurance on top of that by confirming a supplier is genuine, that the bank account on file actually belongs to that supplier, and that a payment is headed to the correct destination. The release said the goal is a connected view of the decision behind every payment, joining invoices and payments in one governed lifecycle.
That combination addresses a gap the companies flagged directly: an invoice can be entirely legitimate while the supplier bank account tied to it has been swapped out by a fraudster. Basware said Trustpair will keep operating independently, continuing to support its existing customer base and expanding its integrations across ERP, treasury, procure-to-pay and payment platforms regardless of whether a customer also uses Basware.
Why it matters: The deal lands as PYMNTS Intelligence research, published with Bottomline, has found more than a third of businesses have suffered check fraud and nearly half say checks drive at least 10% of their outgoing-payment fraud losses. That research also points to a broader shift of fraud checks earlier in the payment process, ahead of when funds are actually released, rather than treating fraud review as a final step.
Sources: PYMNTS; PR Newswire