Eftsure expands into international payment protection following merger with Sis ID
Eftsure, the global market leader in payment fraud prevention, has announced a significant merger with France-based Sis ID. The deal means the combined entity is now providing payment protection in major markets around the world including Australia and New Zealand, the US, Europe, China and India. Global payment verification coverage is expected to be achieved later this year.
The move will see Eftsure and Sis ID become the world’s largest business payment protection platform, enabling organisations to validate more suppliers and protect more business payments in more markets around the world. The terms of the deal have not been disclosed.
The deal comes at a time when businesses are looking to minimise vulnerabilities in a heightened risk environment, with monthly customer data showing the largest ever volume of known fraud attempts since Eftsure was founded in 2014. The Australian Competition and Consumer Commission has reported that payment redirection scams were up by 67% to $153 million in 2024.
“Fraud tactics are increasingly sophisticated and difficult to detect, with cybercriminals using artificial intelligence tools to produce realistic fake documents and target businesses at scale,” Eftsure CEO, Jon Soldan, said.
“Eftsure and Sis ID share the common goal of preventing these fraudsters from getting a payout. Combining our resources means we’ll be able to verify more vendors and protect more payments in more markets around the world, all while keeping pace with a rapidly evolving threat landscape.”
Sis ID CEO, Laurent Sarrat, said the deal made sense because both organisations were focused on helping businesses to build cross-border defences.
“Cybercrime is a global problem and it demands global solutions. Sis ID and Eftsure share a common mission to create collaborative cybercrime solutions that enable business leaders to focus on other priorities,” Sarrat said.
“Sis ID has been working for years to deliver global coverage and verify as many payments as possible. Together with Eftsure, we’re well-positioned to offer guaranteed protection for every payment in every market.”
The merger brings together more than 20 years’ experience of business payment fraud prevention, a customer base of more than 3,500 organisations, and support offices across Australia, the US and France. This positions the merged entity to service a greater number of large enterprises, especially those that manage global supply chains.
“Finding a company so closely aligned in values and vision is rare,” Soldan said. “We share the same perspective on fraud prevention, operational excellence, and what the industry needs to progress. We’re incredibly excited about our shared future and our commitment to serving customers on a global scale.”
Eftsure and Sis ID will continue to drive growth and provide exceptional customer support in their respective regions while working to integrate their brands.
Eftsure has protected payments worth more than $840 billion since launching in 2014.
