Banks don't match BSBs and Account Numbers to Account Names when making payments.

As a result, it is possible for hackers, fraudsters or malicious insiders to change the bank details we have on file for you to their own, and route payments intended for you to themselves.

In order to protect both us and you from this happening, we are using Eftsure software to validate all of our suppliers bank account details to ensure the details we have on file for you are correct.

When you click the 'Start Verification Process' button above, you'll be asked to validate the bank details we have on file for you (and update them if there is an issue).

The software we are using for this, Eftsure, maintains Australia's largest most up-to-date database of account details and will run some checks on the information you entered to ensure it's all correct and secure.

Then, whenever we are about to pay you, we'll see a green thumbs-up icon next to your account details in our bank payment screen, and we'll know that the money we're paying you will arrive securely.

This is purely a preventative measure to stop fraudsters impacting our business or yours and is not the result of a security breach or any other issue.

Over 500,000 Australian businesses are affected by cyber crime each year so we're just putting in place measures like this to help prevent it from happening to our business.

We're using Eftsure's secure software to facilitate this verification process.

Their software has validated the bank account details of over 1 million businesses and has protected more than $10 billion in payment transactions

Their software is used by large organisations such as NBN co, Freedom Furniture, 7 Eleven, UNSW and more

You can learn more about them by visiting their website at www.eftsure.com or if you have any further concerns you can contact them on 1300 985 976 or sales@eftsure.com.au