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Don't just trust a supplier's bank details. Verify them.

Australian businesses lost $166.8 million to payment redirection scams in 2025. Vendor Verify connects directly to Xero and QuickBooks and uses Australia's Consumer Data Right to confirm every supplier's bank account is real, active, and belongs to who you think it does — before a single dollar moves.

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$166.8M
Lost to payment redirection in 2025
Xero + QuickBooks
Direct integration · sync your suppliers in minutes
CDR
Open banking · ACCC accredited
The problem, in one number
$166.8M
The amount Australians lost to payment redirection scams in 2025 — a 9.3% increase on 2024. It is now the second-largest scam category by financial loss in Australia. Source: ACCC Targeting Scams Report, March 2026
The anatomy of a $200,000 mistake

How a routine invoice becomes a total loss.

01
The email arrives
A supplier your AP team has paid for years emails to say their bank details have changed. The address is correct. The tone is routine.
02
Records are updated
Someone in accounts quietly swaps the old BSB and account number for the new one. No phone call, no verification.
03
Payment processes
The next invoice is paid as usual. The money leaves your account and lands in a fraudster's — often within minutes, often overseas.
04
The supplier calls
Weeks later, the real supplier asks where their payment is. You discover the fraud. Australian courts have confirmed: you still owe them.
Recent coverage

The news is unrelenting.

Updated April 2026
ACCC · Published March 2026
$166.8M
Payment redirection losses hit a new high in Australia's 2025 scams report.

The ACCC's 2025 Targeting Scams Report, released March 2026, found payment redirection scams alone cost Australians $166.8 million — a 9.3% year-on-year jump. It's now the second-largest scam category by loss in the country.

Read ACCC release →
AFP + CommBank · March 2026
AI-powered
Scammers now using AI voice cloning and deepfakes to impersonate suppliers.

Police and banks warned in March 2026 that fraudsters are using AI-generated voice and deepfake video to impersonate executives on calls — the exact channel businesses have been told to use to "verify" bank detail changes. Human verification is no longer enough.

Read AFP + CommBank warning →
WA District Court · Precedent
$191,859
Court rules buyer must pay — again — after fraudsters intercepted invoice.

In Mobius Group v Inoteq, Australian courts confirmed the payer bears the loss when invoices are redirected. A "salutary reminder" to verify bank details, the Court said. This precedent now applies to every Australian business.

Read case analysis →
"This case is a salutary reminder for those paying money to ensure the veracity of any banking details provided. Rigorous protocols should be implemented."
District Court of Western Australia · Mobius Group Pty Ltd v Inoteq Pty Ltd [2024] WADC 114
How Vendor Verify works

From sign-up to verified vendor in four steps.

01
Connect your accounting system
Sign up and link Xero or QuickBooks in minutes. No IT lift, no integration project.
02
Sync your vendor list
We pull your supplier list automatically. Your team keeps working — nothing changes day to day.
03
Vendors verify with their own bank via CDR
Suppliers complete a one-time check directly with their own banking institution through Australia's Consumer Data Right. The bank confirms their ABN matches the account details you hold in your ERP.
04
Verified status syncs to your ERP
We update each vendor with a verified flag — AP sees that the bank, ABN and account holder all match before any payment goes out.
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