Basware Acquired Trustpair to Combat Payment Fraud
The acquisition integrates supplier identity validation with invoice processing to address evolving payment fraud risks.
Updated on Oct. 5, 2026 in Cybersecurity
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Basware has acquired Trustpair, a platform designed to confirm supplier identity and bank account ownership before payment release. Trustpair will continue to operate independently, maintaining its existing integrations with ERP and payment systems.
Why it matters
Payment fraud is increasingly shifting focus toward the manipulation of supplier identities and bank details rather than the invoices themselves. By combining Basware's invoice validation with Trustpair's identity verification, organizations aim to secure the entire outgoing-payment workflow.
Recent research indicates that more than one-third of businesses now experience check fraud, with nearly half reporting that checks account for at least 10% of total losses related to outgoing-payment fraud.
The players
Basware
A provider of automated invoice processing and financial compliance software for global enterprises.
Trustpair
A developer of identity and bank account verification tools designed to prevent B2B payment fraud.
The details
Basware specializes in validating invoice authenticity and regulatory compliance. Trustpair enhances this by confirming that the bank account receiving the funds is genuinely owned by the verified supplier before any payment is authorized. This combined approach addresses vulnerabilities in ERP (enterprise resource planning), treasury, and procure-to-pay systems by auditing the payment data against external identity sources.
Timeline
• July 2026: Fraud research conducted.
• October 5, 2026: Basware announced the acquisition of Trustpair.
The Tech Race
The acquisition follows the trend highlighted in the July 2026 industry study on business payment fraud, which notes that attackers have moved away from invoice tampering in favor of bank detail manipulation. It signals a move by financial software vendors to consolidate security layers into a single end-to-end audit process.
Trustpair will remain available for use with non-Basware finance environments and will continue to support its current integrations. Existing customers and users can expect the platform to maintain its current support, contracts, and independent operational model.
The takeaway
This merger signals an industry-wide prioritization of identity-based security over simple document verification in automated finance platforms. Stakeholders should monitor whether Trustpair adds new payment-network integrations to its existing ERP and treasury support suite in the coming months.
Further reading
For more on evolving threats in corporate finance, visit our Cybersecurity section.
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Do you trust that your financial service providers are effectively protecting your payments from fraud?
